CESC Q4 net profit falls 7% to 415 crore
It had clocked a net profit of Rs 445 crore in the year-ago period, the power company said in an exchange filing.
CESC Ltd on Thursday reported a 6.74 per cent fall in its consolidated profit to Rs 415 crore for the March quarter, supported by higher income.
It had clocked a net profit of Rs 445 crore in the year-ago period, the power company said in an exchange filing.The company's total income rose to Rs 3,460 crore in the quarter under review from Rs 3,208 crore in January-March FY23.
During the period under review, its expenses stood at Rs 3,613 crore, as against Rs 3,099 crore a year ago.
For full year, the company's profit rose to Rs 1,447 crore from Rs 1,397 crore in FY 22-23, it said.
The board of the company also approved the appointment of Brajesh Singh as Managing Director (Generation) and Vineet Sikka as Managing Director (Distribution) for a period of five years with effect from May 28, 2024.CESC is into generation, transmission, and distribution of electrical power.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
06:50 PM IST