|
Unaudited Financial Results for the Quarter/Half year
ended 30th September, 2011 |
|
( in Lakhs) |
|
S.No. |
Particulars |
Quarter Ended |
Half Year ended |
Year ended |
|
30.09.2011 |
30.09.2010 |
30.09.2011 |
30.09.2010 |
31.03.2011 |
|
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
|
1 |
Net Sales/Income from Operations |
62,202 |
52,539 |
1,17,559 |
1,05,037 |
1,81,267 |
|
2 |
Expenditure |
|
|
|
|
|
|
a) |
Employees cost |
2,469 |
1,768 |
4,829 |
3,944 |
8,472 |
|
b) |
Depreciation |
11,127 |
10,865 |
22,136 |
21,738 |
44,421 |
|
c) |
Other Expenditure |
1,806 |
1,987 |
4,139 |
4,925 |
11,690 |
|
d) |
Prior Period Adjustment (Net) |
(191) |
11 |
(191) |
11 |
(458) |
|
|
Total Expenditure |
15,211 |
14,631 |
30,913 |
30,618 |
64,125 |
|
3 |
Profit from Operations before other Income,
Interest and Exceptional Items |
46,991 |
37,908 |
86,646 |
74,419 |
1,17,142 |
|
4 |
Other Income |
5,784 |
4,070 |
11,045 |
6,349 |
14,315 |
|
5 |
Profit before Interest and Exceptional Items |
52,775 |
41,978 |
97,691 |
80,768 |
1,31,457 |
|
6 |
Interest & Finance Charges |
2,935 |
3,483 |
5,719 |
7,381 |
15,837 |
|
7 |
Profit after interest but before Exceptional Items |
49,840 |
38,495 |
91,972 |
73,387 |
1,15,620 |
|
8 |
Exceptional Items |
- |
- |
- |
- |
- |
|
9 |
Profit from Ordinary Activities before tax |
49,840 |
38,495 |
91,972 |
73,387 |
1,15,620 |
|
10 |
Tax expense: |
|
|
|
|
|
|
a) |
Current Tax |
9,972 |
7,673 |
18,402 |
14,627 |
23,044 |
|
b) |
Earlier Year Adjustment |
- |
- |
- |
|
6,366 |
|
c) |
Deferred Tax |
(1,242) |
(1,137) |
(2,361) |
(2,275) |
(5,003) |
|
11 |
Profit from Ordinary Activities after tax |
41,110 |
31,959 |
75,931 |
61,035 |
91,213 |
|
12 |
Extraordinary Item |
- |
- |
- |
- |
- |
|
13 |
Profit for the period |
41,110 |
31,959 |
75,931 |
61,035 |
91,213 |
|
14 |
Paid-up equity share capital |
4,13,663 |
4,13,663 |
4,13,663 |
4,13,663 |
4,13,663 |
|
15 |
Reserves Excluding Revaluation Reserve |
- |
- |
- |
- |
3,06,889 |
|
16 |
Earnings Per Share (EPS) (in ) |
|
|
|
|
|
|
- |
Basic and Diluted (Not Annualised) |
0.99 |
0.78 |
1.84 |
1.48 |
2.21 |
|
17 |
Public Shareholding: |
|
|
|
|
|
|
|
Number of shares |
41,50,00,000 |
41,50,00,000 |
41,50,00,000 |
41,50,00,000 |
41,50,00,000 |
|
|
Percentage of shareholding |
10.03% |
10.03% |
10.03% |
10.03% |
10.03% |
|
18 |
Promoters and promoter group Shareholding: |
|
|
|
|
|
|
a) |
Pledged/Encumbered |
|
|
|
|
|
|
|
Number of shares |
- |
- |
- |
- |
- |
|
|
Percentage of shares (as a % of the total shareholding of promoter
and promoter group) |
- |
- |
- |
- |
- |
|
|
Percentage of shares (as a % of the total share capital of the company) |
- |
- |
- |
- |
- |
|
b) |
Non Encumbered |
|
|
|
|
|
|
- |
Number of shares |
3,72,16,26,500 |
3,72,16,26,500 |
3,72,16,26,500 |
3,72,16,26,500 |
3,72,16,26,500 |
|
- |
Percentage of shares (as a % of the total shareholding of
promoter and promoter group) |
100% |
100% |
100% |
100% |
100.00% |
|
- |
Percentage of shares (as a % of the total share capital
of the company) |
89.97% |
89.97% |
89.97% |
89.97% |
89.97% |
Notes:
-
Summary of Assets & Liabilities as at 30th
September, 2011 :
|
Particulars |
As at
30.09.2011
(Unaudited) |
As at
30.09.2010
(Unaudited) |
As at
31.03.2011
(Audited) |
|
|
|
|
( in lakhs) |
|
SHAREHOLDERS' FUNDS |
|
|
|
|
a)
Capital |
4,13,663
|
4,13,663
|
4,13,663
|
|
b)
Reserves & Surplus |
3,82,820
|
3,15,173
|
3,06,889
|
|
LOAN
FUNDS |
|
|
|
|
a)
Secured Loans |
68,682
|
1,02,814
|
90,013
|
|
b)
Unsecured Loans |
1,08,092
|
70,469
|
85,379
|
|
INCOME RECEIVED IN ADVANCE |
|
|
|
|
Advance
Against Depreciation (AAD) |
84,935
|
84,935
|
84,935
|
|
TOTAL |
10,58,192
|
9,87,054
|
9,80,879
|
|
|
|
|
|
|
FIXED ASSETS |
6,44,873
|
6,72,179
|
6,62,059
|
|
CWIP,
CONSTRUCTION STORES & ADVANCES |
1,75,912
|
1,18,288
|
1,40,561
|
|
DEFERRED TAX |
9,330
|
4,242
|
6,970
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
a)
Inventories |
2,816
|
6,304
|
2,368
|
|
b)
Sundry Debtors |
57,857
|
32,662
|
26,450
|
|
c) Cash
& Bank Balances |
2,02,579
|
1,85,322
|
2,06,378
|
|
d)
Other Current Assets |
8,730
|
5,065
|
7,644
|
|
e)
Loans & Advances |
63,428
|
72,075
|
60,478
|
|
LESS: CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
a)
Current Liabilities |
34,638
|
32,748
|
41,020
|
|
b)
Provisions |
72,695
|
76,335
|
91,009
|
|
NET
CURRENT ASSETS |
2,28,077
|
1,92,345
|
1,71,289
|
|
TOTAL |
10,58,192
|
9,87,054
|
9,80,879
|
- The Central Electricity Regulatory Commission (CERC) vide notification dated 19.01.2009 has notified the Tariff Regulations, 2009 containing inter-alia the terms & conditions for determination of tariff, applicable for a period of five years with effect from 01.04.2009. Pending filing of petition by the company and final determination of tariff by the CERC, the sales have been provisionally recognized at 62202 lakh and
117559 lakh for the quarter and half year ended 30.09.2011 respectively ( 52539 lakh and
105037 lakh for the previous corresponding quarter and half year respectively) on the basis of principles enumerated in the said regulations, on the capital cost allowed by CERC for determining tariff for the year 2008-09.
The Tariff Regulations, 2009 provide that pending determination of tariff by the CERC, the company has to provisionally bill the beneficiaries at the tariff applicable as on 31.03.2009 approved by the CERC. The amount provisionally billed on this basis is
58137 lakh and
108126 lakh for the quarter and half year ended 30.09.2011 respectively (52002 lakh and
97176 lakh for the previous corresponding quarter and half year respectively).. - Details of energy generated (in million units):
|
Particulars |
Quarter
ended |
Half Year
Ended |
Year ended
|
|
30.09.2011 |
30.09.2010 |
30.09.2011 |
30.09.2010 |
31.03.2011 |
|
Gross Energy
Generation |
3225.55 |
2606.18 |
5876.08 |
5030.75 |
7140.21 |
Generation during the quarter ended 30.09.2011 was
higher as compared to the previous corresponding
quarter since the Plant was shutdown only for 5 days
during the quarter as against 22 days during the
corresponding quarter of previous year on account of
high silt beyond permissible limit due to heavy
rains. - As the company is primarily engaged in only one segment viz. ‘Generation and sale of hydroelectric power’, there are no reportable segments as per Accounting Standard - 17.
- As the generation of hydroelectric power is dependent on the flow of water which varies during various periods of the year, the result for the quarter may not be comparable with the forthcoming quarters.
- During the quarter, company has paid final dividend of
33093 lakh (0.80 per share on face value of
10/- each) for the financial year 2010-11.
-
Status of investor complaints received and attended, regarding equity shares, during the quarter ended 30.09.2011 is given as under:
|
|
Opening |
Received during the quarter |
Attended |
Unattended at the end of quarter |
|
No. of Complaints |
39 |
90 |
89 |
40 |
-
Figures for the previous periods have been recast/regrouped/rearranged wherever considered necessary.
-
The above results have been reviewed by the Audit committee and have been approved by the Board of Directors at its meeting held on 31.10.2011.
-
The above results have been reviewed by the Statutory Auditors as required under Clause 41 of the Listing Agreement
|
