CESC Ltd, the utility arm of the RPSG Group, is set to announce its Q3 FY25 financial results and interim dividend decision today, January 10, 2025. The results will cover the financial performance for the three and nine months ended December 31, 2024.
Brokerage Expectations:
- Performance Outlook: Analysts anticipate double-digit year-on-year (YoY) growth, though a sequential decline is expected due to seasonality and operational factors.
- Demand Drivers: Increased power demand in the company’s distribution circles and reduced losses are projected to significantly bolster its balance sheet.
- Renewable Energy Expansion: CESC’s growing focus on renewable energy is expected to contribute positively to its long-term growth.
Key Factors to Watch:
- Tariff Revisions:
- Tariff hikes across its extensive distribution network are expected to boost revenue and margins.
- Operational Efficiency:
- Reduction in distribution losses will be a critical metric for improved profitability.
- Dividend Announcement:
- The Board may approve an interim dividend, offering additional value to shareholders.
CESC Limited reported its consolidated financial results for Q2 FY25, showing revenue growth and a slight increase in profit compared to the same period last year.
Key highlights include:
- Revenue: The company’s consolidated revenue from operations rose 6.6% year-on-year (YoY) to ₹4,700 crore in Q2 FY25, up from ₹4,352 crore in Q2 FY24. Quarter-on-quarter (QoQ), revenue decreased by 3.8% from ₹4,863 crore in Q1 FY25.
- Profit: Profit for the period increased by 2.8% YoY to ₹373 crore, up from ₹363 crore in Q2 FY24. However, profit declined by 3.9% QoQ from ₹388 crore in Q1 FY25.
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