For H1 ended Sep 18, net sales were up by 23% to Rs 7922.03 crore. OPM was higher by 10 bps to 2.9% thus resulting in a 24% increase in OP to Rs 226.31 crore. Other income was down by 42% due to lower surcharge income and stood at Rs 96.78 crore. Interest cost was down by 2% to Rs 86.88 crore and depreciation was down by 1% to Rs 1.36 crore. After providing total tax of Rs 77.86 crore up by 21%, PAT for H1 ended Sep 18 stood at Rs 157.13 crore down by 20% YoY.

Short term business has contributed around 55% of the volume and balance has been contributed by long & medium term. The short term transaction has lower margin as compared to long & medium term. The total margin has been at a pressure due to same.

Supply of 400 MW under the Long term power purchase agreement for renewable projects of 1050 MW. This has potential of contributing around 2.25 BUs to the total trading volume.

1900 MW Medium Term Power Purchase Agreement signed with Stressed Thermal Asset.