Kolkata: Power utility CESC, an RP-Sanjiv Goenka Group company has posted a 36.49 percent hike in its net profit for the quarter that ended Dec 31, 2012, an official said.
Profit before tax of the Kolkata-based company stood at 127 crore for the period under review compared to 92 crore for the same period a year ago.
Total income for the third quarter this fiscal has increased from 1,003 crore to 1,064 crore for the same period a year ago.
Announcing the results, CESC Ltd. vice-president Sanjiv Goenka said the company's net profit zoomed on account of improved efficiency and higher average realisation per unit.
"Improved efficiency led to the lower cost. Fuel cost per unit generated during the quarter could be contained at the same level due to efficient coal management," Goenka said.
"Average realisation for the firm during the period has also increased to 6.50 per unit," Goenka said.
Units sold during the quarter under review were marginally higher by around 1.30 percent compared to corresponding quarter of previous year.