• OPM for the quarter at 44.2% expanded by just 160 bps from 42.6% in corresponding previous period. Expansion in OPM was largely due to lower cost of fuel. Cost of fuel as proportion to sales was lower by 200 bps to 45.2%. The employee cost was up by 10 bps to 1.6%. Similarly that of operation expenses was higher by 40 bps to 9.1%.
  
• Other income was up by 68% to Rs 117.08 crore. The interest cost was higher by 19% to Rs 766.0 crore and depreciation was up by 28% to Rs 188.04 crore. Thus the growth at PBT was lower by 22% to Rs 326.92 crore.
  
• The taxation for the quarter was higher by 22% to Rs 96.07 crore. Thus the PAT eventually stood at Rs 230.85 crore, a fall of 32%.

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 44.30.