CESC Ltd which is an integrated power utility company announced that it has reported a near-flat net profit of Rs 244 crore in the quarter ended March 31, 2015 as compared to Rs 243 crore in the quarter ended March 31, 2014.

However, the net sales of the company, engaged in the generation and distribution of electricity rose by 14 per cent to Rs 1401 crore during the period under review.

Moreover, the company reported a 7.06 per cent rise in standalone net profit at Rs 698 crore for the financial year 2014-15 as compared to Rs 652 crore in the previous fiscal whereas its net sales stood at Rs 6132 crore for 2014-15 fiscal, a year-on-year growth of 12.62 per cent.

During the quarter under review, CESC had won back the Sarisatolli coal mine which it had been mining for more than 10 years at a closing bid of Rs 470 per tonne.

The company had lost the allocation due to the Supreme Court order in September 2014 on coal block allocations.