CESC Q1 PAT soars by about 50 per cent

Kolkata, Jul 27: Riding higher sales and lower interest rates, CESC Limited has notched up a 49.09 per cent growth in net profit at Rs. 82 crore in the first quarter this fiscal from Rs. 55 crore during the corresponding period last year.

The total income from the company's power, retail and real estate business also rose by 9.35 per cent at Rs. 760 crore from Rs.695 crore.

"The net profit rise during the quarter was possible due to higher sales and lower interest rates," CESC Vice-Chairman Sanjeev Goenka told reporters after the company's Annual General Meeting.

While sales went up by about seven per cent at Rs. 717 crore from Rs. 674 crore, the cash outgo on account of interests was down by 28 per cent at Rs. 39 crore as against Rs. 54 crore during the corresponding period last year.

UNI