The Kolkata-headquartered private sector electricity generation and distribution utility, CESC Ltd, reported 12.28 per cent rise in net profit to Rs 192 crore, in the July-September quarter, as against the same period in 2013. Sequentially the profit has gone up by 27.15 per cent.
The sharp rise in profit has come on mere two per cent year-on-year growth in income from operations. Sequentially the income is down by nearly 11 per cent.
Responding to the improved performance, the price of CESC scrip in BSE has gone up by over four per cent in the afternoon trade.