RP-Sanjiv Goenka Group’s flagship company CESC Ltd posted a 13 per cent rise in net profit to ₹173 crore for the quarter ended December 31, 2018, compared with ₹153 crore in the same period last year.
The rise in profit is despite a marginal drop in revenues to ₹1,707 crore (₹1,713 crore).
The company has declared an interim dividend of ₹17.50 per share for FY19.
CESC has made “substantial investments” for upgrading the city’s electrical distribution infrastructure with a view to improve operational excellence, said a press statement. It has also been able to contain T&D (transmission and distribution) losses.