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Home / Business / CESC Ltd posts 34 per cent jump in consolidated net profit

CESC Ltd posts 34 per cent jump in consolidated net profit

Total income in the June 2021 quarter rose to Rs 3,242 crore from Rs 2,662 crore in the year-ago quarter
Representational image.
Representational image.
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Our Bureau   |   Calcutta   |   Published 12.08.21, 03:24 AM

CESC Ltd has posted a 34 per cent jump in its consolidated net profit at Rs 280 crore for the June 2021 quarter. 

Its consolidated net profit had stood at Rs 209 crore in the corresponding quarter of the previous financial year 2020-21. 

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Total income in the June 2021 quarter rose to Rs 3,242 crore from Rs 2,662 crore in the year-ago quarter. 

Bata loss at Rs 71 crore

Subdued demand across retail outlets on 

account of the second wave of Covid pandemic and ensuing lockdowns dampened the 

first quarter result of footwear major Bata India Ltd.

The company posted a standalone net loss of Rs 71.32 crore for the quarter ended June 2021 against a loss of Rs 101.12 crore in the corresponding quarter of the previous year. 

The company had reported a standalone net profit of Rs 29.43 crore for the quarter ended March 2021. The consolidated net loss for the June quarter was Rs 69.47 crore compared with a loss of Rs 100.88 crore in the corresponding year-ago quarter.

“The first quarter had some challenges for business across the country, including ours. While our retail outlets were largely shut, we were able to serve our customers through alternative channels such as our website, online marketplaces, Bata ChatShop and Bata Store on Wheels. These channels have enabled us to minimise the overall impact of the second wave,” said Gunjan Shah, wholetime director and CEO, Bata India.

The board of directors of Bata India on Wednesday approved Shah’s appointment as the managing director and CEO for five years from October 1, 2021.

Meanwhile, Emami Realty, the real estate arm of  Emami Group, posted a net sales of 

Rs 41.97 crore for the June quarter, up 39.5 per cent from Rs 30.09 crore a year ago.



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