CESC Q4 Results: Firm posts rise in profit as demand for electricity grows

CESC Ltd, an Indian power generation and distributing firm, reports a 2.1% increase in consolidated net profit for the quarter ended on 31 March 2023. The company’s revenue from operations also grew, helping it generate 4.33 billion Indian rupees ($52.95m) in net profit. The increasing power demand in the first two months of 2023, up 10% from a year earlier, is driven by a record rise in output from renewable plants and coal-fired ones. Meanwhile, the Indian government urges power utilities to expand output to meet the peaking seasonal demand.