• Aggregate electricity generation of the power plants of the company stood lower by 19.5% to 8937 million units in Q2FY17 down from 11103 million units in corresponding previous period. While the generation of Rosa TPS was lower by 1.3% the generation of Sasan and Butibori too was lower by 26.8% and 3% there by led to overall lower generation for the quarter.
• While generation was down by 19.5% the operational income excluding other operating income was down by 10.6% to Rs 2082.34 crore and this is largely due to increase in per unit realization of power sold.
• OPM for the quarter at 46.3% was higher by 410 bps compared to corresponding previous period OPM of 42.2%. Expansion in OPM was largely due to lower fuel cost as well as lower other expense. Cost of fuel as proportion to sales was lower by 250 bps to 44.3%. The employee cost was up by 10 bps to 1.7%. But that of operation expenses was down by 160 bps to 7.7%.
• Other income was up by 21% to Rs 89.52 crore. The interest cost was higher by 14% to Rs 693.64 crore and depreciation was up by 3% to Rs 146.28 crore. Thus the de-growth at PBT was lower by 14% to Rs 393.90 crore.
• The taxation for the quarter was lower by 27% to Rs 121.83 crore. Thus the PAT eventually stood lower by 6% to Rs 272.07 crore.

Half yearly performance

Sales were lower by 4% to Rs 5151.41 crore. But with 310 bps expansion in OPM, the OP was up by 3% to Rs 2286.29 crore. While other income stand higher by 2% to Rs 159.21 crore, the interest and depreciation was higher by 11% and 8% respectively to Rs 1339.60 crore and Rs 292.99 crore. Thus the PBT was down by 9% to Rs 812.91 crore. Eventually the PAT was up by 3% to Rs 612.56 crore as the taxation stand lower by sharp 33% to Rs 200.35 crore.

The stock hovers around Rs 43.25.