|
PTC India reported a 4% YoY growth in standalone net sales for Dec'15 quarter to Rs 2935.05 crore. Higher trading of Long term power ensured higher OPM of 1.9%, thus resulting in a 19% growth in OP to Rs 54.51 crore. Other income was lower by 11% to Rs 12.07 crore for Dec'15 quarter. Other income for Dec'15 quarter, includes surcharge income of Rs Nil as compared to surcharge income of Rs 4.27 crore for Dec'14 quarter. Thus, PBIDT was up by 12% to Rs 66.58 crore. Interest costs was up by 8% to Rs 0.28 crore and depreciation was down by 15% to Rs 0.90 crore. PBT before EO, thus stood at Rs 65.40 crore, up by 12% on YoY basis. EO item for Dec'15 quarter stood at Nil as compared to an EO expense of Rs 32.47 crore towards provisions on diminution in the value of investments. Thus, PBT after EO was up by 154% to Rs 65.40 crore. After providing total tax of Rs 20.06 crore, PAT for the Dec'15 quarter stood at Rs 45.34 crore, up by 584% YoY.
For Dec'15 quarter, the total volume traded stood at 9761MUs, up by 25.5% on YoY basis.
Operational developments
Power supply of 259 MW to Haryana Discoms on Long Term basis from Unit – II of Lanco Amarkantak Power Project in Chhattisgarh has commenced
PTC entered into an agreement with Solar Energy Corporation of India (SECI) for sale and purchase of power generated from 3000 MW solar projects for onward sale on long term basis, for full term of 25 years
PTC won WBSEDCL Reverse Auction for supplying power of around 150-200 MW on RTC basis from Jaypee Nigrie (M.P) from Jan-June16.
PEL, 100% subsidiary of PTC India Ltd, expects to commission 50 MW of wind power projects by end of FY16
Standalone Performance for the 9 months ended Dec'15
PTC India reported a 9% YoY de-growth in standalone net sales for 9 months ended Dec'15 to Rs 9708.20 crore. Higher trading of Long term power ensured higher OPM of 1.7%, thus resulting in OP rise of 1% to Rs 167.70 crore. Other income was up by 16% to Rs 100.52 crore. Other income for 9 months ended Dec'15, includes surcharge income of Rs 47.08 crore, net of surcharge expense of Rs 15.85 crore, as compared to surcharge income of Rs 23.73 crore, net of surcharge expense of Nil for 9 months ended Dec'14. Thus, PBIDT was up by 6% to Rs 268.22 crore. Interest costs was up by 17% to Rs 0.75 crore and depreciation was down by 15% to Rs 2.63 crore. PBT thus stood at Rs 264.84 crore, up by 22% on YoY basis. After providing total tax of Rs 70.92 crore, PAT for the 9 months ended Dec'15 stood at Rs 193.92 crore, up by 32% YoY.
For 9 months ended Dec'15, the total volume traded stood at 32572 MUs, up by 5.7% on YoY basis.
|