Business Standard

CESC net profit rises to Rs 363 crore in Sep qtr on higher revenues

Total income of the company rose to Rs 4,414 cr in the quarter from Rs 3,977 cr in the same period a year ago

Q2

Illustration: Ajay Mohanty

Press Trust of India New Delhi

Listen to This Article

CESC Ltd on Wednesday posted a nearly 14 per cent rise in its consolidated net profit to Rs 363 crore in the September quarter, mainly on the back of higher revenues.

The consolidated net profit of the company was Rs 319 crore in the quarter ended September last year, according to a regulatory filing.

Total income of the company rose to Rs 4,414 crore in the quarter from Rs 3,977 crore in the same period a year ago.

The company's board of directors has also considered exploring the possibilities of substantial investments in renewable energy generation space (up to 3 gigawatt) through its subsidiaries in more than one state in India to increase the company's renewable footprint and partially meet the renewables purchase obligations of its distribution business, the filing said.

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 08 2023 | 4:53 PM IST

Explore News