NSE: CESC | BSE: 500084 | ISIN: INE486A01013 |Industry: Electric Utilities
|Strong Performer

CESC Ltd.    
14 Jan 2021, 12:00AM
Hold: CESC Ltd.
ICICI Securities Limited
Energy sold in Q3FY21, in the standalone business, grew 1.8% to 215.7 crore units vs. our estimate of 221.7 crore units while realisation was at | 7.69/kWHR vs. our expectation of 7.8 kWHR. Total generation was down 1.2% YoY at 120.9 crore units. PLF of the Budge Budge and southern plants for Q3FY21 was at 71% (69% in Q3FY20) and 13% (26% in Q3FY20), respectively. Revenues came in at | 1659 crore vs. our estimate of | 1729.3 crore, mainly on account of lesser-than-expected energy sold. On a consolidated basis, revenues came in at | 2539 crore, up 8.3%, which was...
ICICI Securities Limited increased Hold price target of CESC Ltd. to 727.0 on 14 Jan, 2021.
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