CESC records 9 pct increase, announces net profit of Rs 309 cr in FY19

On Friday, the Power utility CESC Ltd reported a consolidated net profit of Rs 309 crore in the quarter ended March, registering a 9 per cent year-on-year rise, despite lower income. Total consolidated income from operations was at Rs 1,734 crore for the reporting quarter against Rs 1,852 crore a year ago.

For the entire fiscal, income from operations stood at Rs 10,664 crore compared with Rs 10,275 crore registered in 2017-18. CESC is planning demerger of its generation and distribution units. A power purchase agreement between the company and Haldia Energy is also awaiting clearance from the West Bengal Electricity Regulatory Commission.