India's CESC drops on lower quarterly profit

CESC

15/05/2025 10:02

** India's CESC CESC.NS sheds 2% to 165.17 rupees

** Power supplier reports 7% drop in profit due to 11% jump in tax expenses

** Revenue jumps 14.5% as power demand remained strong during the quarter

** Avg rating on CESC at "buy", median PT is 207 rupees - data compiled by LSEG

** Stock extends YTD losses to 11%

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))