CESC Q4 Results: Firm posts rise in profit as demand for electricity grows

Indian power generation and distribution company CESC Ltd reported a 2.1% rise in quarterly profit on Monday, aided by higher electricity output ahead of summer.

Consolidated net profit for the quarter ended March 31 increased to 4.33 billion rupees ($52.95 million), compared with 4.24 billion rupees a year earlier, the RP – Sanjiv Goenka Group flagship company said in an exchange filing.

Revenue from operations came in at 31.02 billion rupees, compared with 30.11 billion rupees a year earlier, while total expenses rose 9.3% year-on-year.