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
