CESC's consolidated audited results show a 11% decline in net profit for 2011-12

KOLKATA: CESC's consolidated and audited results showed an 11% decline in net profit for 2011-12 against the previous corresponding period. The flagship company of the RP-Sanjiv Goenka group registered a Rs 245 crore net profit during 2011-12 against Rs 277 crore in the previous period.

The fall in profit has been despite a 13% rise in total income from operations. The company reported a Rs 5,892 crore income during 2011-12 against Rs 5,179 crore in the previous year.

However, CESC's standalone net profits have registered a 13% rise in net profit during the period under review. The standalone net profit for CESC stood at Rs 554 crore during 2011-12 against Rs 488 crore in the previous period.

According to a CESC statement, generation during the year increased marginally 2% due to sluggish demand, while fuel cost increased during the year due to steep rise in coal and freight cost.

CESC witnessed a 24% rise in cost of fuel for the power business to Rs 1,762 crore during 2011-12 against Rs 1,428 crore in the previous period.

The company's debt equity ratio continued to be below 1 and the board has recommended a dividend of Rs.5 per share (50%) for the year.