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Share Market Live: Sensex, Nifty Volatile; CESC Declines On Q3 Miss – BloombergQuint

CESC Ltd.’s shares shed over 2%, the steepest intraday decline in two weeks, to Rs 93.55 apiece after the company reported net income for the third quarter that missed the average analyst estimate.

Q3 Results (Standalone, QoQ)

  • Net profit down 21.7% QoQ at Rs 184 crore vs Bloomberg consensus estimate of Rs 190 crore

  • Revenue down 20.5% QoQ at Rs 1,662 crore

  • Total costs at Rs 1,690 crore vs Rs 1,912 crore

  • Other income at Rs 58 crore vs Rs 32 crore

  • Dividend per share: Rs 4.5

Of the 19 analysts tracking the company, 17 maintained ‘buy’ and two maintained ‘hold’ recommendations. The overall consensus price of analysts tracked by Bloomberg implied an upside of 17.6%.

Source: Exchange Filing, Bloomberg