CESC declared a dividend of ₹4.50 per share, announced on January 10, 2025. The ex-dividend date for shareholders to be eligible for the payout is set for tomorrow, January 16, 2025.
CESC has consistently declared interim dividends of ₹4.50 per share in recent years. The company announced the latest dividend of ₹4.50 on January 10, 2025, with the ex-dividend date set for January 16, 2025.
Similar interim dividends of ₹4.50 were declared on January 19, 2024, and February 14, 2023. The company had also declared a ₹4.50 interim dividend on January 13, 2022, with the ex-date on January 24, 2022.
CESC Ltd reported a 6.3% year-on-year decline in its consolidated net profit, posting ₹282 crore for the December quarter of FY25, compared to ₹301 crore in the same period of the previous year.
The company’s total income increased by 10.8% to ₹3,657 crore, up from ₹3,301 crore a year ago. Expenses rose to ₹3,595 crore, up from ₹3,497 crore in the previous year.
CESC Ltd, a part of the RP-SG Group, is India’s first fully integrated electrical utility company, established in 1899. It generates and distributes power in Kolkata and Howrah, serving 3.4 million consumers.
The company operates two thermal power plants with a total capacity of 885 MW, and also sources electricity from its Haldia plant. CESC is involved in renewable energy with solar power plants in Gujarat and Tamil Nadu, and operates an extensive distribution network across various voltage levels.
CESC’s share price traded 1.58% higher at ₹156.12 at 11:00 AM on the NSE, opening at ₹156.16, up from its previous close of ₹153.69. The stock had gained over 1% yesterday, ending a four-day losing streak.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 15, 2025, 12:30 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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