CESC net down 5 % in Q4

Net sales also dropped 17.63% to Rs 1,229 cr against Rs 1,492 cr in year-ago period

The RP-Sanjiv Goenka Group flagship company CESC has posted a 5.08% drop in net profit at Rs 243 crore for the quarter ended March, 2014 compared to a net profit of Rs 256 crore during the corresponding period last year.

Net sales during the quarter also dropped 17.63% to Rs 1,229 crore, against Rs 1,492 crore in the year-ago period.

The company's standalone net profit for the 2013-14 stood at Rs 652 crore, registering an increase of 5.5%. Net sales in year rose by 3.87% to Rs 5,445 crore against Rs 5,242 crore in the previous financial year.