RNS Number:8733H
CESC Ld
27 January 2005


                                 CESC LIMITED

     Unaudited Financial Results (Provisional) for the quarter/nine months 
                            ended 31 December, 2004 

_______________________________________________________________________________________________________________________ 
                                                                                                                    
                                          Three months    Three months     Nine months     Nine months           Year 
                                                 ended           ended           ended           ended          ended
                                            31.12.2004      31.12.2003      31.12.2004      31.12.2003     31.03.2004 
                                           (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)      (Audited) 
_______________________________________________________________________________________________________________________ 
                                                   (1)             (2)             (3)             (4)            (5) 
_______________________________________________________________________________________________________________________ 
                                                                          Rs. Crores 
_______________________________________________________________________________________________________________________ 
                                        
     1    Net Sales                               539              533           1756             1832          2348    
                           
     2    Other Income                             15               14             48               42            68 
          TOTAL                                   554              547           1804             1874          2416 

     3    Total Expenditure :                                                                                    
               (a)  Fuel Cost                     179              147            576              518           664 
               (b)  Personnel Cost                 57               64            164              190           242    
               (c)  Power Purchase                 43               55            182              250           291   
               (d)  Others                        113              110            336              345           482    
     4    Interest                                 59               74            204              273           348 

     5    Profit before Depreciation              103               97            342              298           389    
     6    Depreciation                             71               82            221              245           296 

     7    Profit before tax                        32               15            121               53            93    
     8    Provision for Taxation                    0                0              0                0             7    
     9    Net Profit                               33               15            121               53            86 

    10    Paid-up Equity Share Capital             75               66             75               66            67 
          (Shares of Rs.10 each)                                                                                        

    11    Net Reserves (excluding Revaluation                                                                           
          Reserve of Rs.300 Crores) as per 
          latest audited Balance Sheet as 
          on 31 March 2004                                                                                      1009    
    12    Earnings per Share (Rs.) 
          -    Basic & Diluted                   4.43             2.13          17.03             7.53         10.49    
    13    Aggregate of Non-Promoter Shareholding 
          -    Number of Equity Shares      428 lakhs        387 lakhs      428 lakhs        387 lakhs     389 lakhs
          -    Percentage of Shareholding      57.59%           58.53%         57.59%           58.53%        58.85%    
_______________________________________________________________________________________________________________________ 
                                                                   
          
Notes :   

     1.   Pursuant to determination of tariff for the year 2004-05 by the 
          Hon'ble West Bengal Electricity Regulatory Commission ("Commission") 
          by its Order dated 24 May 2004, the revenue for the period upto July 
          2004 has been calculated at the average tariff determined by the 
          Commission and as per consumer category-wise billing with effect from 
          August 2004, in terms of the said Order. The revenue in Column (3) 
          above may, therefore, be subject to adjustments, if any, on completion 
          of the process of ascertainment of the impact of the consumer-wise 
          billing for the period prior to August 2004 in accordance with the 
          said Order.                                                   

     2.   Auditors' Report on the latest audited accounts for the year 2003-2004 
          included reference to certain Notes on Accounts in respect of some 
          unprovided amount relating to purchase of power from West Bengal State 
          Electricity Board for past years. The Company, in view of consistently 
          followed past practice compatible with the nature of its business, has 
          followed the same basis of accounting in respect of the above matter, 
          the financial impact of which pertaining to the period ended 31 
          December, 2004 is not ascertainable at this stage.                                

     3.   The Company is engaged in generation and distribution of electricity 
          and does not operate in any other reportable segment.                                                         
                                                  
     4.   Rights Issue of 82,65,203 Equity Shares of Rs.10 each at a premium of 
          Rs. 50 per share which closed on 29 October, 2004 was oversubscribed 
          1.33 times. The said shares were allotted on 22 November, 2004. 
          Earnings per share have been computed/ restated as per Accounting 
          Standard 20 issued by the Institute of Chartered Accountants   
          of India.                                                                                                     
     
     5.   Out of 18 investor complaints received during the quarter, 2 
          complaints were pending as on 31 December, 2004 and have since been 
          resolved.                                                                                           
  
     6.   Figures in Columns (2) and (4) have been regrouped, where necessary.   


                                                                For CESC Limited                                        
                                                                     S. Banerjee                                        
                                                               Managing Director

Dated 27 January, 2005 
 

                      This information is provided by RNS
            The company news service from the London Stock Exchange
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