Power utility CESC Ltd on
Wednesday reported a 25-per cent on-year rise in consolidated net profit to Rs 328 crore for the December quarter.
The company's bottomline stood at Rs 263 crore in the corresponding period a year ago, it said in a regulatory filing.
Revenue from operations rose during the quarter to Rs 2,539 crore against Rs 2,344 crore in the October-December quarter in 2019-20.
The Kolkata-based power utility's fuel and interest costs lowered during the repoting period, while the cost for electricity increased.
CESC's standalone profit was marginally higher at Rs 182 crore in the quarter to December.
The company's board has announced Rs 45 per share as interim dividend.
(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.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.