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CESC's first quarter net profit grew by 4.8 percent year-on-year (fall 48.8 percent sequentially) to Rs 131 crore.
Sanjiv Goenka, Vice Chairman of CESC told CNBC-TV18 that their sales were up about 5.3 percent while profits rose 38 percent owing to improved plant load factor or PLF and lower costs.
Motilal Oswal has come out with its earnings estimates on utilities sector for December quarter FY13. The research firm expects utility companies in their coverage to report aggregate 3QFY13 revenue growth of 15% YoY and PAT growth of 12% YoY.