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Power thieves dragging one of India's oldest power utilities
Mint New Delhi
|January 15, 2025
ESC Ltd's shares are down about 10% over the past three trading sessions.
ESC Ltd's shares are down about 10% over the past three trading sessions. The reason: A subdued Q3FY25 as its earnings declined 6% y-o-y because of higher losses in its Malegaon distribution segment.
The power generation and distribution company's consolidated revenue (including regulatory income) and Ebitda were nearly unchanged at ₹3,861 crore and ₹910 crore. Regulatory income is the difference between the permitted and actual tariffs charged in the company's distribution area. CESC raised its tariff partially in Q2, helping it clock 10% revenue growth in Q3 even as regulatory income fell sharply.
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