Final Results

RNS Number:1216W
CESC Ld
04 May 2007


Letter To: RNS
Dated:     30 April, 2007


Further to our letter dated 20 April 2007, we enclose for your record a copy
of the Unaudited Financial Results (Provisional) of the Company for the 
quarter ended 31 March, 2007 which have this day been taken on record in 
accordance with the Listing Agreement entered into with your Exchange.

From: Company Secretary
      CESC Limited



                                    CESC
                                   LIMITED


     Registered Office: CESC House, Chowringhee Square, Kolkata 700 001

Unaudited Financial Results (Provisional) for the three months/year ended 
                               31 March, 2007


Particulars               Three months   Three months   Year ended    Year ended
                              ended         ended         ended         ended
                           31.03.2007    31.03.2006     31.03.2007   31.03.2006
                           (Unaudited)  (Unaudited)    (Unaudited)    (Audited)
                               (1)          (2)            (3)           (4)

                                              Rs. Crore

Net Sales                       547          584          2489           2516               
Other Income                     29           21            94             74

Total Income                    576          605          2583           2590

Total Expenditure :             
     
(a) Fuel Cost                   179          194           829            840
(b) Personnel Cost               71           58           278            238
(c) Power Purchase               37           48           270            252   
(d) Others                      143          139           537            597
(e) Interest                     36           57           169            212
(f) Depreciation                 41           61           164            254

Profit before tax                69           48           336            197

Provision for Taxation                                              
  Current & Fringe Benefits Tax   8            4            39             20
  Deferred Tax (Net)            (32)           0          (121)            16
  Less: Receivable (Payable)     32            0           121            (16)

Profit after tax                 61           44           297            177

Paid-up Equity Share Capital     85           83            85             83
(Shares of Rs.10 each)
  
Reserves (excluding Revaluation 
Reserve of Rs.2038 Crores) as 
per latest audited Balance Sheet 
as on 31 March 2006                                                      1568
  
EPS (Rs) - Basic & Diluted     7.32*        5.33*        35.75          22.60
(*not annualised)              
                                                           
Aggregate of Public Shareholding 


   No. of Shares                                        497 Lakhs     422 Lakhs
   Percentage of Shareholding                            58.90%         51.28%


Notes :


1.  Net sales and total expenditure have been determined in accordance with
    the applicable orders of the appropriate authorities duly adjusting advance
    against depreciation allowed far the current year, where applicable. 
    "Others" under Total Expenditure included in column (3) above is net of an 
    adjustment of Rs.57 crore made in the previous quarter arising out of review 
    of the required cost adjustment sum in respect of earlier years in the 
    light of the developments in this regard, with consequential changes on 
    the profit and provision for taxation.

2.  It is 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. During 
    March 2007 quarter, 20 lakh fully paid-up Equity Shares of the Company 
    have been allotted to the management group on conversion of warrants 
    issued earlier and EPS in columns (2) and (4) have been restated accordingly 
    as per Accounting Standard 20 issued by the Institute of Chartered 
    Accountants of India.

3.  The increase in aggregate Public Shareholding is due to conversion of
    Global Depositary Receipts into Equity Shares of the Company.    

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

5.  Figures of the previous periods have been regrouped/rearranged wherever
    necessary.

6.  Out of 12 investor complaints received during the quarter, 1 complaint was
    pending as on 31 March 2007 and has since been resolved.


                                                                For CESC Limited
                                                                     S. Banerjee
Dated : 30 April, 2007                                         Managing Director



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