CESC standalone Q2 net jumps 25.7 per cent to Rs 171 crore

Power utility CESC Ltd on Tuesday reported a 25.73 per cent jump in second quarter standalone net profit at Rs 171 crore on the back of higher generation and lower power purchase.

The power utility had reported a net profit of Rs 136 crore in the corresponding period a year ago, it said in a filing to the BSE.

"The sales increase was three per cent in terms of units. Our generation rose by one per cent. Purchase is down. These are the major factors for rise in profits," CESC chairman Sanjiv Goenka said.

Net revenue from sale of electricity jumped 21 per cent to Rs 1,611 crore during the quarter ended September 30, 2013 as against Rs 1,324 crore in the same period last year.

The standalone figures do not include the losses from CESC's retail subsidiary Spencer's Retail Ltd.

The retail business posted loss of around Rs 12 crore during the quarter as against Rs 22 crore a year ago.

Shares in CESC, on Tuesday, ended at Rs 391.00 apiece on the BSE, down 0.99 per cent from the previous close.