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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.ParticularsQuarter ended 30.06.2015 (Unaudited)Quarter ended 
31.03.2015 
(Unaudited)
Quarter ended  30.06.2014  (Unaudited)Year ended 
31.03.2015
(Audited)
123456
1Income from operations    
 (a) Net sales (net of electricity duty)1701869192299418086477263775
 (b) Other operating income658984642502860830
 Total income from operations (net)1708458193145818336757324605
2Expenses    
 (a) Fuel cost1150914125211012765134884519
 (b) Employee benefits expense922769320091841366978
 (c) Depreciation and amortisation expense123795139119111547491165
 (d) Other expenses121501121239111875464548
 Total expenses1488486160566815917766207210
3Profit from operations before other income, finance costs and exceptional items (1-2)2199723257902418991117395
4Other income238725717953256211632
5Profit from ordinary activities before finance costs and exceptional items (3+4)2438443829692951551329027
6Finance costs730887074966791274362
7Profit from ordinary activities after finance costs but before exceptional items (5-6)1707563122202283641054665
8Exceptional items----
9Profit from ordinary activities before tax (7+8)1707563122202283641054665
10Tax expenses:

 

   
 (a) Current tax (Refer note 3)(42861)24885(1328)32644
 (b) Deferred tax890363289957288875
 (c) Less: Deferred asset for deferred tax liability882170357-95940
 Total tax expense (a+b-c)(42779)17817824425579
11Net profit from ordinary activities after tax (9-10)2135352944032201201029086
12Extraordinary items (net of tax expense)----
13Net profit for the period (11-12)2135352944032201201029086
14Paid-up equity share capital 
(Face value of share Rupee10/- each)
824546824546824546824546
15Reserves 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) Basic2.593.572.6712.48
 (b) Diluted2.593.572.6712.48
16(ii)Earnings per share (after extraordinary items) - (of Rupee 10/- each) (not annualised) (in Rupee):    
 (a) Basic2.593.572.6712.48
 (b) Diluted2.593.572.6712.48

See accompanying notes to the financial results

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

Sl.No.ParticularsQuarter ended
30.06.2015

(Unaudited)
Quarter ended 31.03.2015
(Unaudited)
Quarter ended 
30.06.2014 
(Unaudited)
Year ended 
31.03.2015
(Audited)
123456
APARTICULARS OF SHAREHOLDING    
1Public Shareholding    
 - Number of shares2064849420206484942020648494202064849420
 - Percentage of shareholding25.0425.0425.0425.04
2Promoters 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 shares6180614980618061498061806149806180614980
 - Percentage of shares (as a % of the total shareholding of promoter and promoter group)100.00100.00100.00100.00
 - Percentage of shares (as a % of the total share capital of the company)74.9674.9674.9674.96
Sl.No.Particulars

Quarter ended 30.06.2014

BINVESTOR COMPLAINTS 
 Pending at the beginning of the quarter1
 Received during the quarter463
 Disposed of during the quarter463
 Remaining unresolved at the end of the quarter1

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

(Rupee in Lakhs)
Sl.No.ParticularsQuarter ended
30.06.2015
(Unaudited)
Quarter ended
31.03.2015
(Unaudited)
Quarter ended
30.06.2014 
(Unaudited)
Year ended
31.03.2015
(Audited)
123456
1Segment revenue    
 - Generation1711731194012518360977343010
 - Others23713286269911289
 - Total1714102194341118387967354299
2Segment results (Profit before tax and interest)    
 - Generation2524963750282695381255439
 - Others(207)604(117)(445)
 Total2522893756322694211254994
 Less:    
 (i) Unallocated interest and finance charges730887074966791274362
 (ii) Other unallocable expenditure net of unallocable income8445(7337)(25734)(74033)
 Profit before tax1707563122202283641054665
3Capital employed (Segment assets - Segment liabilities)    
 - Generation8908908891484780499458914847
 - Others38867820084613882008
 - Un-allocated(566277)(831120)705023(831120)
 Total8381498816573588011068165735
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)