CESC Ltd's Q3FY25 Quarter Results
- 12h ago
Result Summary
- CESC Ltd reported a 25.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 5.3%.
- Its expenses for the quarter were down by 18.8% QoQ and up 2.8% YoY.
- The net profit decreased 24.9% QoQ and decreased 5.7% YoY.
- The earnings per share (EPS) of CESC Ltd stood at 2 during Q3FY25.
Financial Statments for Q2FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 3657.00 | 4889.00 | 3861.00 | -25.2% | -5.3% |
Total Expenses | 3595.00 | 4427.00 | 3497.00 | -18.8% | 2.8% |
Profit Before Tax | 62.00 | 462.00 | 364.00 | -86.6% | -83.0% |
Tax | 80.00 | 89.00 | 63.00 | -10.1% | 27.0% |
Profit After Tax | 265.00 | 353.00 | 281.00 | -24.9% | -5.7% |
Earnings Per Share | 2.00 | 2.70 | 2.10 | -25.9% | -4.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
CESC Ltd is a leading player in the Indian power sector, with a significant presence in the generation and distribution of electricity. The company's primary focus is on the generation and distribution of electricity in and around Kolkata and Howrah in West Bengal. Its generation capacity is diversified across thermal, hydro, and renewable sources. In recent years, CESC Ltd has expanded its operations beyond West Bengal and now has a presence in several other states in India. However, this report will focus primarily on the financial performance of the company during the third quarter of the FY25.
Revenue
In the third quarter of FY25, CESC Ltd reported a total income of ₹3657.00 crores, marking a decrease of 25.2% from the preceding quarter (Q2FY25) when it had reported a total income of ₹4889.00 crores. On a year-over-year basis, the total income fell by 5.3% from ₹3861.00 crores in Q3FY24. The decrease in total income on both a quarterly and yearly basis indicates a challenging period for the company in terms of revenue generation. The specifics of these challenges are not detailed in the data provided and would require further investigation.
Profitability
The profitability of CESC Ltd also showed a decline in Q3FY25. The company's profit before tax stood at ₹62.00 crores, down by a significant 86.6% from the previous quarter's ₹462.00 crores. Compared to Q3FY24, the profit before tax showed a decline of 83.0%. After accounting for tax, the profit after tax for Q3FY25 came in at ₹265.00 crores, down 24.9% from the previous quarter and 5.7% from the same quarter last year. The drop in profitability metrics suggests that the company's net earnings have been under pressure.
Operating Metrics
The earnings per share (EPS), an important metric reflecting the profitability on a per-share basis, stood at ₹2.00 in Q3FY25. This represents a decline of 25.9% from the previous quarter and a decrease of 4.8% from the same quarter in the previous year. The decline in EPS aligns with the overall decrease in profitability, indicating lower earnings available to shareholders.
Margins
The financial data suggests an increase in the company's total expenses, which rose by 2.8% YoY to ₹3595.00 crores in Q3FY25. However, compared to the previous quarter, total expenses dropped by 18.8%. This indicates that while the company managed to control its expenses on a quarterly basis, it has faced increased costs on a year-over-year basis. But without specific details regarding the components of these expenses, it's challenging to pinpoint the exact factors contributing to this increase. The changes in total income and total expenses resulted in a reduction in margins, as evidenced by the decline in profitability metrics.
