Coal news and updates

CESC net profit rises 26% to Rs 171 crore

November 12: Power utility CESC reported a 25.73% increase in net profit to Rs 171 crore in the quarter ended September 2013 (Q2 of 2013-14) compared to Rs 136 crore profit posted during the same period last year (Q2, 2012-13), said a company release.

In the previous quarter (Q1 of 2013-14), the company reported a net profit of Rs 131 crore.

According to company information, the increase in net profit has been backed strongly by a 21.56% jump in net sales to Rs 1,611 crore in Q2 of 2013-14 compared to Rs 1,324 crore posted during the same period last year.

For the first six months (April-September) of 2013-14, the company reported a net profit of Rs 302 crore compared to Rs 261 crore recorded during the same period in the previous fiscal (April-September, 2012-13) registering a growth of 15.70%.

Following are the Q2 results of CESC in 2013-14 and 2012-13 (in Rs crore) (unaudited):