Investors

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

( 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 10/- each)	824546	824546	824546	824546
15	Reserves excluding revaluation reserve as per balance sheet				7341189
16(i)	Earnings per share (before extraordinary items) - (of  10/- each)(not annualised) (in ):
	(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  10/- each) (not annualised) (in ):
	(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 30^th June 2014

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

( in Lakhs)

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 30^th 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. 1^st April 2014 for all the stations, beneficiaries are billed in accordance with the tariff approved and applicable as on 31^st March 2014 as provided in the Regulations 2014. The amount provisionally billed for the quarter ended 30^th June 2015 on this basis is  17,71,348 lakh (corresponding previous quarter  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  17,81,818 lakh for the quarter ended 30^th June 2015 (corresponding previous quarter  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 (-)  4,302 lakh for the quarter ended 30^th June 2015 (corresponding previous quarter 23,007 lakh) pertaining to previous years recognized based on the orders issued by the CERC/Appellate Tribunal for Electricity (APTEL). Sales include (-)  79,197 lakh for the quarter ended 30^th June 2015 (corresponding previous quarter  78,421 lakh) on account of income tax refundable to / recoverable from the beneficiaries as per Regulations, 2004. Sales also include  1,274 lakh for the quarter ended 30^th June 2015 (corresponding previous quarter  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 (-)  84,182 lakh (corresponding previous quarter (-)  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: 30^th July 2015

(K. BISWAL)
DIRECTOR (FINANCE)