Financial Daily from THE HINDU group of publications
Wednesday, Oct 27, 2004
Financial Daily from THE HINDU group of publications Wednesday, Oct 27, 2004 |
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Corporate Results
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Power CESC Q2 net rises Our Bureau
KOLKATA: CESC Ltd has registered a higher net profit of Rs 52 crore during the three months ended September 30 compared with a net profit of Rs 23 crore recorded during the corresponding period of 2003. The company's total income during the second quarter of the current fiscal, however, stood lower at Rs 600 crore against Rs 674 crore during the three months ended September 30, 2003. According to company sources, the lower revenue generation is on account of lower average tariff that has been awarded to CESC in 2004-05 compared with 2003-04. The higher profit has been attributed to better efficiencies, improvement measures in interest costs and lower T&D losses. The company is presently exploring options for refinancing existing loans with a view to reducing interest costs even further.
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