CESC Q2 net marginally up at Rs 195 crore
The average peak load factor during July-September was flat 92 per cent, while the plant availability factor was up to 99.5 per cent in the same period, Goenka said.
By Debjoy Sengupta, ET Bureau | Updated:
KOLKATA: Private power generation and distribution company CESC Ltd has reported flat September quarter net profit and a marginal increase in income from operations.
On Friday, the Kolkata-based company said net profit was up 1.5% from a year ago to Rs 195 crore, while total Income from operations was up nearly 7% at Rs 1,772 crore. The company’s expenses during the quarter grew 8.3%, pulling down profits.
“Net profit remained at the same level because expenses rose and there has been no hike in tariffs, which remained at an average Rs 6.97 per unit,” said chairman Sanjiv Goenka. “According to an independent study by ICRA and India Power Line, CESC’s tariffs continue to remain at the bottom if compared to other metro cities.”
Goenka said CESC will invest about Rs 2,000 crore in 2015-16, of which Rs 800 crore will go into strengthening its distribution network in Kolkata (its supply area) while the rest will go into beefing up installed capacity in renewables and thermal energy generation sources.
CESC’s fuel cost and interest cost remained at the same level as that in the previous quarter.
On Friday, the Kolkata-based company said net profit was up 1.5% from a year ago to Rs 195 crore, while total Income from operations was up nearly 7% at Rs 1,772 crore. The company’s expenses during the quarter grew 8.3%, pulling down profits.
“Net profit remained at the same level because expenses rose and there has been no hike in tariffs, which remained at an average Rs 6.97 per unit,” said chairman Sanjiv Goenka. “According to an independent study by ICRA and India Power Line, CESC’s tariffs continue to remain at the bottom if compared to other metro cities.”
Goenka said CESC will invest about Rs 2,000 crore in 2015-16, of which Rs 800 crore will go into strengthening its distribution network in Kolkata (its supply area) while the rest will go into beefing up installed capacity in renewables and thermal energy generation sources.
CESC’s fuel cost and interest cost remained at the same level as that in the previous quarter.
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