CESC posts 19% rise in net

Calcutta, Nov. 9: Better efficiency and cost management have helped power utility CESC Ltd to post a 19 per cent rise in profit after tax at Rs 136 crore in the July-September quarter against Rs 114 crore in the same period last fiscal.

"Better efficiency and cost management have helped us have a good year. It is a combination of a number of factors. Coal price has gone up, but if you buy at a better load you gain. Fuel cost per unit generated during the quarter could be contained at the same level due to efficient coal management," CESC chairman Sanjeev Goenka said.

According to the company, units of power sold during the quarter were higher by around 2 per cent compared with the last quarter and it had witnessed a downward trend in distribution loss.

"I am happy with the way our distribution is going. We cannot say we are completely there, we still have a distance to travel," he said.

Total income increased to Rs 1,344 crore from Rs 1,174 crore in the corresponding period of 2011-12.


Get stories like this on the Yahoo app and discover more every day.
Download it now.