CESC Q1 net up marginally at Rs 174 cr

14/09/2016 14:17

Power utility company CESC Ltd has reported that its standalone net profit for the first quarter ended June 30, 2016 climbed marginally to Rs 174 crore from the same period a year ago as revenue rose.

In Q1 FY 2015-16, the company’s standalone net profit came in at Rs 173 crore, CESC Ltd said in a filing to the Bombay Stock Exchange (BSE).

Total income from operations climbed by 11.6 per cent at Rs 1,912 crore in Q1 FY 2016-17 from Rs 1,713 crore in the same period a year ago.

Total expenses rose by 14.4 per cent at Rs 1,597 crore in Q1 FY 2016-17 from Rs 1,396 crore in the same period a year ago.

Other income fell by 7.14 per cent at Rs 26 crore in Q1 FY 2016-17 from Rs 28 crore in the same period a year ago.

The CESC or the Calcutta Electric Supply Corporation is a fully integrated power utility with its operation spanning the entire value chain: right from mining coal, generating power, distribution of power. It serves 2.4 million customers within 567 square kilometers of Kolkata and Howrah.

Shares of the company jumped 2 per cent to Rs 650.85 a piece at the BSE on Wednesday at 14:20 PM IST.

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