CESC Ltd stock ends higher after Q4 profit up 15.57% on lower cost of energy purchase

Net margins at 14.64% in the Mar-21 quarter was better than 13.96% in the Mar-20 quarter as well as better than 11.78% in the sequential Dec-20 quarter.

Jun 17, 2021 03:06 IST India Infoline News Service

CESC
Shares of CESC Ltd ended higher after net profits in the Mar-21 were up 15.57% to Rs423cr on the back of sharp cuts. In the Mar-21 quarter, the company aggressively on its energy purchase cost, employee benefit expenses and finance costs. These cost cuts compensated for the spike in the cost of fuel and other expenses.

The stock ended at Rs783 up by Rs12.65 or 1.64% from its previous closing of Rs770.35 on the BSE.

The scrip opened at Rs797 and has touched a high and low of Rs819.15 and Rs774 respectively.

The company reported 10.26% yoy rise in consolidated net revenues for the Mar-21 quarter at Rs2,890cr. On a sequential basis, net sales revenues were up 3.81% compared to total revenues in the Dec-20 quarter at Rs2,784cr.

Net margins at 14.64% in the Mar-21 quarter was better than 13.96% in the Mar-20 quarter as well as better than 11.78% in the sequential Dec-20 quarter.

The company has paid interim dividends of Rs.45/share which is the total dividend.

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