💨 Abstract

India's CESC, a power generation and distribution company, reported a 5.7% decrease in third-quarter profit, primarily due to increased tax expenses and lower regulatory income. The fall in regulatory income was due to adjustments related to fuel cost, power purchase, and other fixed costs. CESC's shares dropped by 4.6% after the result. The company's revenue, however, increased due to higher power generation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖