For 9 mths ended Dec 18, net sales were up by 18% to Rs 10844.36 crore. OPM was flat at 2.9% thus resulting in a 19% increase in OP to Rs 319.07 crore. Other income was down by 41% due to lower surcharge income and stood at Rs 109.68 crore. Interest cost was down up 7% to Rs 112.23 crore and depreciation was up by 2% to Rs 2.13 crore. After providing total tax of Rs 105.92 crore up by 15%, PAT for 9 mths ended Dec 18 stood at Rs 208.47 crore down by 18% YoY.

The volume for Dec 18 quarter de grew by 9% YoY while for 9 months ended Dec 18, the volumes grew by 15% YoY.

Short term volumes which accounted for 53% of total volumes in Dec 18 quarter, stood at 6.9 BU down by 17% YoY. Medium term volume stood at 0.3 BU and was down by 18% YoY. Long term volumes stood at 5.6 BU up by 4% in Dec 18 quarter and account for around 38% of total trade.

The company has filed petition for license to have own exchange for power trading.

The company is looking for a strategic investor in PTC Energy and soon the deal will get closed.