CESC - Q2 FY13 Results First Cut - Microsec

CESC Ltd announced its Q2 FY13 results on 09 Nov 2012.

The company's Net Sales increased by 8% YOY to INR1344 crore and EBITDA increased by 19% YOY to INR311 crore. EBITDA Margin of the company increased from 20.95% to 23.14% YOY. PAT of the company increased by 19% YOY to INR136 crore.

As retail FDI in place, CESC may start looking for a strategic investor for Spencer's Retail. It has decided to list Spencer's after demerging it from CESC.This development augur well for the company.

Source : Equity Bulls

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