CESC Ltd reported a mixed set of earnings for the March quarter, with healthy revenue tempered by a year-on-year (YoY) decline in net profit.
The company posted a 7.2% YoY decline in net profit at ₹385 crore, compared to ₹415 crore in the same period last year. Revenue rose 14.5% to ₹3,877 crore from ₹3,387 crore in Q4 FY24.
EBITDA nearly doubled to ₹812 crore from ₹410 crore a year ago, reflecting improved cost controls and operational efficiencies. However, this figure was below the Bloomberg estimate of ₹896 crore.
Operating margins expanded to 20.94% from 12.11% in Q4FY24, but again fell short of the Bloomberg consensus of 24.5%.
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CESC, a key player in India’s power sector, is involved in the generation, transmission and distribution of electricity. It caters to a large consumer base in West Bengal and is also present in other states like Rajasthan.
Post the earnings announcement, shares of CESC were trading 1.73% lower at ₹164.90 on the BSE at 2:27 PM.
