RNS Number:1458S
CESC Ld
17 November 2003


                            CESC LIMITED

Registered Office: CESC House, Chowringhee Square, Kolkata 700 001 
Unaudited Financial Results (Provisional) for the quarter/half year ended 30 September, 2003 

                                                                                
                               Three months      Three months    Six months       Six months      Year 
                            ended 30.9.2003   ended 30.9.2002   ended 30.9.2003 ended 30.9.2002  ended 31.3.2003
                                (Unaudited)       (Unaudited)       (Unaudited)  (Unaudited)     (Unaudited)
                                        (1)               (2)               (3)          (4)             (5)
                                                                      Rs. Crores 
1     Net Sales                         659               594              1299       1144          2185
2     Other Income                       15                14                28         27            58
        Total Income                    674               608              1327       1171          2243
3       Total                                                                   
        Expenditure:                                                            
        (a) Fuel Cost                   193               183               371        344           641
        (b) Personnel Cost               69                65               138        123           256
        (c) Power Purchase               92                96               195        192           301
        (d) Others                      121                87               223        173           318
4     Interest                           95               108               199        213           396
5     Profit before                     104                69               201        126           331
        Depreciation                                                            
6     Depreciation                       81                81               163        161           323
7     Profit/(Loss)                      23               (12)               38        (35)            8
        before tax                                                              
8     Provision for                       0                 0                 0          0             1
        Taxation                                                                
9     Net Profit/(Loss)                  23               (12)               38        (35)            7
10     Paid-up Equity                    63                58                63         58            58
        Share Capital                                                           
        (Shares of Rs.10                                                        
        Each)                                                                   
11     Net Reserves                                                            
        (excluding                                                              
        Revaluation                                                             
        Reserve of Rs.                                                          
        1311 Crores) as                                                         
        per                                                                     
        Balance Sheet                                                           
        as on 31 March                                                          
        2003                                                                                         437
 12     EPS (Rs.)                                                               
        - Basic & Diluted              3.67            (2.08)            (6.06)      (6.05)        (1.01)
 13     Aggregate of Non-
        Promoter Shareholding
        - Number of Equity 
        Shares                       387 lakhs         414 lakhs                                     412 lakhs
        - Percentage of Share-
        holding                       61.57%            65.81%                                        65.54%  

                                                                                


Notes
1.     Net Sales in Columns (1) and (3) above have been accounted for based on 
       the interim tariff order dated 23rd April, 2003 of the West Bengal 
       Electricity Regulatory Commission (Commission) for the year 2003-04.
       Accordingly the above referred results are subject to changes based on 
       the final order of the Commission on the tariff petition made by the 
       Company for the said year.  Figures in Columns (2) and (4) above are as
       submitted earlier to the Stock Exchanges, but incorporating adjustments
       for exchange rate variation.

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

3.     Auditors' Report on the accounts for the year 2002-2003 included reference
       to certain Notes on Accounts relating to some unprovided claims of Damodar
       Valley Corporation/West Bengal State Electricity Board, diminution in the
       value of investment (not considered to be permanent in nature by the 
       Company) and shortfall in corpus of gratuity fund.  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 these
       matters.  The financial impact of the aforesaid matters pertaining to the
       period ended 30 September, 2003 is not ascertainable at this stage.

4.     Upon redressal of 3 investor complaints received during the quarter, 
       there was no unresolved complaint as at 30 September, 2003  


Dated: 31st October, 2003



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