CESC reports rise in net profit

RPG Group’s flagship company, CESC Ltd, recorded a 12 per cent rise in net profit at Rs 112 crore for the fourth quarter of 2010-11. The net profit in the year-ago period stood at Rs 100 crore. The firm’s net sales also increased 11.9 per cent to Rs 844 crore, compared with Rs 754 crore during the year-ago period. For financial year 2010-11, the company’s net profit rose 12.5 per cent to Rs 487 crore, compared with Rs 433 crore in 2009-10. The net sales for the financial year increased 19.6 per cent to Rs 3937 crore, as against Rs 3293 crore during the previous year.