CESC Ltd shares experienced a drop of nearly 4% after the release of its Q2FY25 earnings report, which showed a mixed performance.

The company's consolidated net profit increased by a modest 1% to reach Rs 353 crore, driven by strong performances from its power subsidiaries, Haldia and Chandrapur. However, standalone profit declined by 5% to Rs 220 crore due to rising interest costs.

As of 1:44 PM, CESC shares were trading at Rs 176, reflecting a 3.8% increase for the day and a significant 30% gain year-to-date, outperforming the Nifty 50's 9% rise. In terms of quarterly results, CESC's revenue increased by 8% year-on-year to Rs 4,700 crore, while EBITDA saw a slight rise of 1.5% to Rs 1,085 crore. However, sequentially, net profit slipped by 6.6%, and revenue declined by 3.4%. Kotak has maintained a 'Sell' rating on the stock based on these results.