CESC Q4 Profit Down 7% to Rs 415 Cr | Business News
CESC Ltd's net profit fell 6.74% to Rs 415 crore in Q4 FY24, despite higher income. The company's total income rose to Rs 3,460 crore. Read more.
New Delhi, May 23 (PTI) 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.
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.
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