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« Back Statement of Standalone Unaudited Financial Results for the Quarter ended 30th June 2015

 

Statement of Standalone Unaudited Financial Results for the Quarter ended 30th June 2015

 Part - 1 (Rupee in Lakhs)
Sl. No. Particulars Quarter ended 30.06.2015 (Unaudited) Quarter ended 
31.03.2015 
(Unaudited)
Quarter ended  30.06.2014  (Unaudited) Year ended 
31.03.2015
(Audited)
1 2 3 4 5 6
1 Income from operations        
  (a) Net sales (net of electricity duty) 1701869 1922994 1808647 7263775
  (b) Other operating income 6589 8464 25028 60830
  Total income from operations (net) 1708458 1931458 1833675 7324605
2 Expenses        
  (a) Fuel cost 1150914 1252110 1276513 4884519
  (b) Employee benefits expense 92276 93200 91841 366978
  (c) Depreciation and amortisation expense 123795 139119 111547 491165
  (d) Other expenses 121501 121239 111875 464548
  Total expenses 1488486 1605668 1591776 6207210
3 Profit from operations before other income, finance costs and exceptional items (1-2) 219972 325790 241899 1117395
4 Other income 23872 57179 53256 211632
5 Profit from ordinary activities before finance costs and exceptional items (3+4) 243844 382969 295155 1329027
6 Finance costs 73088 70749 66791 274362
7 Profit from ordinary activities after finance costs but before exceptional items (5-6) 170756 312220 228364 1054665
8 Exceptional items - - - -
9 Profit from ordinary activities before tax (7+8) 170756 312220 228364 1054665
10 Tax expenses:

 

     
  (a) Current tax (Refer note 3) (42861) 24885 (1328) 32644
  (b) Deferred tax 8903 63289 9572 88875
  (c) Less: Deferred asset for deferred tax liability 8821 70357 - 95940
  Total tax expense (a+b-c) (42779) 17817 8244 25579
11 Net profit from ordinary activities after tax (9-10) 213535 294403 220120 1029086
12 Extraordinary items (net of tax expense) - - - -
13 Net profit for the period (11-12) 213535 294403 220120 1029086
14 Paid-up equity share capital 
(Face value of share Rupee10/- each)
824546 824546 824546 824546
15 Reserves excluding revaluation reserve as per balance sheet       7341189
16(i) Earnings per share (before extraordinary items) - (of Rupee 10/- each)(not annualised) (in Rupee):        
  (a) Basic 2.59 3.57 2.67 12.48
  (b) Diluted 2.59 3.57 2.67 12.48
16(ii) Earnings per share (after extraordinary items) - (of Rupee 10/- each) (not annualised) (in Rupee):        
  (a) Basic 2.59 3.57 2.67 12.48
  (b) Diluted 2.59 3.57 2.67 12.48

See accompanying notes to the financial results

PART II : Select Information for the Quarter ended 30th June 2014

Sl.No. Particulars Quarter ended
30.06.2015

(Unaudited)
Quarter ended 31.03.2015
(Unaudited)
Quarter ended 
30.06.2014 
(Unaudited)
Year ended 
31.03.2015
(Audited)
1 2 3 4 5 6
A PARTICULARS OF SHAREHOLDING        
1 Public Shareholding        
  - Number of shares 2064849420 2064849420 2064849420 2064849420
  - Percentage of shareholding 25.04 25.04 25.04 25.04
2 Promoters and promoter group shareholding        
  (a) Pledged/Encumbered        
  - Number of shares - - - -
  - Percentage of shares (as a % of the total shareholding of promoter and promoter group) - - - -
  - Percentage of shares (as a % of the total share capital of the company) - - - -
  (b) Non-encumbered        
  - Number of shares 6180614980 6180614980 6180614980 6180614980
  - Percentage of shares (as a % of the total shareholding of promoter and promoter group) 100.00 100.00 100.00 100.00
  - Percentage of shares (as a % of the total share capital of the company) 74.96 74.96 74.96 74.96
Sl.No. Particulars

Quarter ended 30.06.2014

B INVESTOR COMPLAINTS  
  Pending at the beginning of the quarter 1
  Received during the quarter 463
  Disposed of during the quarter 463
  Remaining unresolved at the end of the quarter 1

Segment-wise Revenue, Results and Capital Employed for the Quarter ended 30th June 2015

(Rupee in Lakhs)
Sl.No. Particulars Quarter ended
30.06.2015
(Unaudited)
Quarter ended
31.03.2015
(Unaudited)
Quarter ended
30.06.2014 
(Unaudited)
Year ended
31.03.2015
(Audited)
1 2 3 4 5 6
1 Segment revenue        
  - Generation 1711731 1940125 1836097 7343010
  - Others 2371 3286 2699 11289
  - Total 1714102 1943411 1838796 7354299
2 Segment results (Profit before tax and interest)        
  - Generation 252496 375028 269538 1255439
  - Others (207) 604 (117) (445)
  Total 252289 375632 269421 1254994
  Less:        
  (i) Unallocated interest and finance charges 73088 70749 66791 274362
  (ii) Other unallocable expenditure net of unallocable income 8445 (7337) (25734) (74033)
  Profit before tax 170756 312220 228364 1054665
3 Capital employed (Segment assets - Segment liabilities)        
  - Generation 8908908 8914847 8049945 8914847
  - Others 38867 82008 46138 82008
  - Un-allocated (566277) (831120) 705023 (831120)
  Total 8381498 8165735 8801106 8165735
The operations of the company are mainly carried out within the country and therefore, geographical segments are not applicable.

Notes:

1.These results have been reviewed by the Audit Committee of the Board of Directors and approved by the Board of Directors in their respective meetings held on 30th July 2015.

2. (a) The Central Electricity Regulatory Commission (CERC) notified the Tariff Regulations, 2014 in February 2014 (Regulations, 2014). Pending issue of provisional/final tariff orders w.e.f. 1st April 2014 for all the stations, beneficiaries are billed in accordance with the tariff approved and applicable as on 31st March 2014 as provided in the Regulations 2014. The amount provisionally billed for the quarter ended 30th June 2015 on this basis is Rupee 17,71,348 lakh (corresponding previous quarter Rupee 18,91,134 lakh).

(b) The Company has filed a petition before the Hon'ble High Court of Delhi contesting certain provisions of the Regulations, 2014 in March 2014. Pending issue of provisional/final tariff orders under Regulations, 2014 by the CERC and disposal of the petition, sales have been provisionally recognised at Rupee 17,81,818 lakh for the quarter ended 30th June 2015 (corresponding previous quarter Rupee 18,58,486 lakh). Pending disposal of the petition, energy charges included in sales, in respect of the coal based stations for the quarter have been recognized based on the GCV ‘as received at the secondary crusher’.

(c) Sales include (-) Rupee 4,302 lakh for the quarter ended 30th June 2015 (corresponding previous quarter Rupee23,007 lakh) pertaining to previous years recognized based on the orders issued by the CERC/Appellate Tribunal for Electricity (APTEL). Sales include (-) Rupee 79,197 lakh for the quarter ended 30th June 2015 (corresponding previous quarter Rupee 78,421 lakh) on account of income tax refundable to / recoverable from the beneficiaries as per Regulations, 2004. Sales also include Rupee 1,274 lakh for the quarter ended 30th June 2015 (corresponding previous quarter Rupee 2,952 lakh) on account of deferred tax materialized which is recoverable from beneficiaries as per Regulations, 2014.

3. Provision for current tax for the period includes tax related to earlier years amounting to (-) Rupee 84,182 lakh (corresponding previous quarter (-) Rupee 72,563 lakh).

4. These results have been reviewed by the Statutory Auditors as required under Clause 41 of the Listing Agreements.

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

 

For and on behalf of the Board of Directors

Place: New Delhi
Date: 30th July 2015

(K. BISWAL)
DIRECTOR (FINANCE)