CESC Q3 Review: Standalone Improves As Demand Recovers, Says Motilal Oswal 
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CESC Q3 Review: Standalone Improves As Demand Recovers, Says Motilal Oswal 

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Motilal Oswal Report

CESC Ltd.’s Q3 results highlight volume recovery in the standalone business.

Volumes in standalone were just 1% YoY lower (versus H1: down 21% YoY). Standalone profit after tax was up 3% YoY.

Consolidated PAT, on the other hand, grew 21% YoY, partly led by profit at Dhariwal and improved performance at Crescent and Surya.

Performances at Dhariwal and distribution franchises would continue to improve.

Furthermore, the company has declared an interim dividend of Rs 45 per share, highlighting the company’s willingness to return excess cash.

Click on the attachment to read the full report:

Motilal Oswal CESC Q3FY21 Result Update.pdf


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