• Sale was lower by 8% to Rs 2282.17 crore. Lower revenue despite higher generation for the quarter was largely on account of reduction in coal cost per ton by nearly 55%, which also sharply enhanced merit order of Sasan UMPP and lowered the per unit tariff for procurers.
• The 580 bps expansion in OPM to 52.1% was largely due to sharp fall in fuel cost. Staff cost as proportion to sales net of stocks was up by 30 bps to 2.0%. Similarly the other expenses were up by 250 bps to 10.3%. But the fuel cost was down by 870 bps to 35.6 crore.

• Other income was higher by 9% to Rs 97.51 crore. The interest and depreciation cost was up by 4% and 29% respectively to Rs 721.51 crore and Rs 188.26 crore respectively. Thus the PBT was down by 4% to Rs 377.23 crore.

• Taxation was down by 15% to Rs 104.08 crore and thus the PAT was flat at Rs 273.15 crore.

Half yearly performance

Standalone sales were lower by 5% to Rs 4917.41 crore. But with operating profit margin expand by 350 bps to 47.9%; the operating profit was up by 3% to Rs 2353.37 crore. After accounting for higher other income, higher interest and higher depreciation cost the PBT was down by 13% to Rs 704.15 crore. The taxation was flat (up 0%) at Rs 200.15 crore but the tax rate was higher at 28.4% compared to 24.6% in corresponding previous period. Thus the PAT was down by 18% to Rs 504.00 crore. Other comprehensive income was up by 160% to Rs 0.52 crore. Thus the total comprehensive income was down by 18% to Rs 504.52 crore.