• Upside in revenue was largely on account of sharp jump in power segment revenue. The power segment revenue was up by 83% to Rs 100.90 crore (or 23% of sales). The mining revenue was up by modest 2% to Rs 341.31 crore.

• Upside at EBIT was largely on account of power business. Segment profit of power was a profit of Rs 40.62 crore compared to a loss of Rs 0.19 crore in the corresponding previous period. On the other hand the segment profit of mining was lower by 17% to Rs 134.12 crore.

• Modest 70 bps contraction in operating profit margin was largely on account of higher staff cost and over burden removal. Staff cost as % to sales net of stocks was higher by 120 bps to 7.5%, the overburden removal was up 420 bps to 25.9%. Similarly the mine closure expenses inched up by just 10 bps to 3.1%. The plant operation charges, royalty, P&f expenses, clean energy cess and other expenses were down by 50 bps,80 bps, 210 bps, 20 bps and 160 bps respectively.

• Other income was lower by 12% to Rs 31.54 crore. The interest cost was nil for the quarter as well as corresponding previous period. The depreciation was flat at Rs 29.34 crore. Thus the PBT was up by 10% to Rs 198.30 crore. EO expenses for the quarter as well as corresponding previous quarter were nil.

• The taxation in absolute term was higher by 10% to Rs 67.76 crore and the tax incidence was flat at 34.2%. Thus the PAT was eventually higher by 10% to Rs 130.54 crore.

The stock hovers around Rs 145.80.