• OPM for the quarter at 43.2% expanded by just 10 bps from 43.1% in corresponding previous period. Just a marginal expansion in OPM was largely as higher employee and other operational expense nearly offset the gain of lower fuel cost. Cost of fuel as proportion to sales was lower by 100 bps to 41%. The employee cost was up by 10 bps to 2.0%. Similarly that of operation expenses was higher by 80 bps to 13.8%.
• Other income was up by 63% to Rs 130.01 crore. The interest cost was lower by 8% to Rs 737.26 crore and depreciation was up by 6% to Rs 172.92 crore. Thus the growth at PBT was higher by 61% to Rs 285.40 crore.
• The taxation for the quarter was lower by 40% to Rs 69.50 crore. Thus the PAT eventually stood at Rs 215.90 crore, a growth of whopping 251%.

Yearly performance

Sales were higher by 1% to Rs 10395.65 crore. But with 40 bps expansion in OPM, the OP was up by 2% to Rs 4506.47 crore. While other income stands higher by 54% to Rs 496.03 crore, the interest and depreciation was higher by 6% and 5% respectively to Rs 2843.08 crore and Rs 734.0 crore. Thus the PBT was up by 5% to Rs 1425.42 crore. Eventually the PAT was up by 23% to Rs 1104.16 crore as the taxation stand lower by sharp 30% to Rs 321.26 crore. The total comprehensive income was up by 23% to Rs 1105.19 crore after accounting for other comprehensive income that was higher by 281% to Rs 1.03 crore.

Other developments

Project agreements executed for Phase I of 750 MW Integrated Combined Cycle Power Project at Meghnaghat (Dhaka) and 500 MMSCFD LNG terminal at Kutubdia Island near Chittagong in Bangladesh.

The stock quotes around Rs 47.35.