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CESC Ld (CESE)

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Monday 13 August, 2007

CESC Ld

1st Quarter Results

CESC Ld
13 August 2007


Unaudited Financial Results (Provisional) for three months ended 30 June 2007


                             Three months        Three months       Year
                               ended               ended            ended
Particulars                  30.06.2007          30.06.2006       31.03.2007
                             (Unaudited)         (Unaudited)      (Audited)
                                 (1)                 (2)              (3)
                                                  Rs. Crore

Net Sales                            717             674            2484
Other Income                          43              21              93
Total Income                         760             695            2577

Total Expenditure:

(a) Fuel Cost                        224             222             843
(b) Personnel Cost                    71              70             278
(c) Power Purchase                   115              85             268
(d) Others                           177             161             521
(e) Interest                          39              54             168
(f) Depreciation                      41              41             158

Profit before tax                     93              62             341

Provision for Taxation - 
Current & Fringe Benefits Tax         11               7              40
Deferred Tax (Net)                   (37)            (22)           (129)
Less:receivable/(Payable)             37              22             129

Profit after tax                      82              55             301

Paid-up Equity Share Capital          85              83              85
(Shares of Rs.10 each)

Reserves (excluding Revaluation
Reserve of Rs.1822 Crores) 
as per latest audited Balance 
Sheet as on 31 March 2007                                           1908

EPS(rs) - Basic & Diluted              9.73*           6.64*          36.20
(*not annuualised)

Aggregate of Public Shareholding

Number of Shares                     497 Lakhs       463 lakhs      497 lakhs
Percentage of Shareholding            58.90%          56.29%          58.90%


Notes:

1     Since the Tariff order of the West Bengal Electricity Regulatory 
      Commission (WBERC) for the year 2007-08 is awaited, billing to the 
      consumers for the three month period ended 30 June 2007 continued in terms 
      of the WBERC's Order dated 8 May 2006 and the net sales, other income and 
      total expenditure for the aforesaid period have been determined in line 
      with the available orders of the appropriate authorities and applicable 
      Regulations including adjustment for advance against depreciation, net 
      profit on disposal of certain discarded old assets. Accordingly, the above 
      results are subject to changes once the applicable orders of the WBERC are 
      duly given effect to.

2.    It has been proposed to merge effective 1 April 2007 the holding Company 
      of Spencer's Retail Limited with the Company involving issue of around
      31 million fully paid-up Equity Shares of Rs.10 each of the Company, for
      which requisite approvals are awaited.

3.    The Company is engaged in generation and distribution of electricity and 
      does not operate in any other reportable segment.

4.    EPS in column (2) has been restated in terms of According Standard 20 
      issued by the Institute of Chartered Accountants of India.

5.    Out of 12 investor complaints received during the quarter, 1 complaint was
      pending as on 30 June 2007 and has since been resolved.

          
                                                                For CESC Limited
                                                                     S. Banerjee
                                                                Managing Director
Dated: 27 July, 2007



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