TORRENT POWER LIMITED |
Registered Office : Torrent House, Off Ashram Road, Ahmedabad-380 009 |
UNAUDITED FINANCIAL RESULTS |
FOR THE PERIOD ENDED ON 30th JUNE, 2008 |
| |
(Rs. in crores except per share data) |
| Particulars |
For the Quarter Ended on
30.06.2008
Un-audited |
For the Quarter Ended on
30.06.2007
Un-audited |
For the Year Ended on 31.03.2008
Audited |
| |
|
|
|
| Income |
|
|
|
| Sales/Income
from Operations |
1113.35 |
907.04 |
3618.32 |
| Other
Income |
27.93 |
23.08 |
103.68 |
| Total
Income |
1141.28 |
930.12 |
3722.00 |
| |
|
|
|
| Expenditure |
|
|
|
| (a) Power
Purchase |
590.39 |
523.62 |
1932.47 |
| (b) Fuel
Cost |
278.61 |
181.63 |
741.48 |
| (c) Staff
Cost |
43.34 |
29.02 |
140.28 |
| (d)
Depreciation |
42.89 |
34.95 |
147.94 |
| (e) Other
Expenditure |
59.78 |
78.66 |
323.48 |
| Total
Expenditure |
1015.01 |
847.88 |
3285.65 |
| Interest |
27.28 |
15.44 |
59.78 |
| Profit
Before Tax |
98.99 |
66.80 |
376.57 |
| Provision
for Taxation |
|
|
|
| - Current
Tax |
11.22 |
11.92 |
79.77 |
| -
Deferred Tax Liability / (-) Assets |
33.79 |
18.66 |
61.22 |
| - Fringe
Benefit Tax |
0.14 |
0.23 |
1.06 |
| Net
Profit After Tax |
53.84 |
35.99 |
234.52 |
| Short /
(-) Excess Provisions for Taxation of earlier years |
- |
- |
23.28 |
| Net
Profit |
53.84 |
35.99 |
211.24 |
| Equity
Share Capital (F.V. Rs.10/- per share) |
472.45 |
472.45 |
472.45 |
| Reserves
excluding Revaluation Reserve |
|
|
2417.31 |
| Basic
& Diluted EPS for the period on profit after Tax (in Rs.)
(Non-annualised) |
1.14 |
0.76 |
4.47 |
| Aggregate
of Public Shareholding |
|
|
|
|
Number of Shares (in Lacs) |
2234.75 |
2234.81 |
2234.82 |
|
Percentage of Shareholding |
47.30% |
47.30% |
47.30% |
| |
| Notes: |
1. |
The figures for the corresponding periods have been regrouped, wherever necessary, to make them comparable.
|
2. |
The Company operates only in one business segment viz. Generation, Transmission and Distribution of Electricity.
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3. |
Since the subsidiary Companies Torrent Power Grid Limited and Torrent Pipavav Generation Limited have not started operations, consolidated data as regards turnover, net profit after tax and earnings per share are not provided.
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4. |
The Audit Committee has reviewed the above results and the same have been approved by the Board of Directors in their respective meetings held on 30th July, 2008. The statutory auditors of the Company have carried out a Limited Review for the quarter ended on 30th June, 2008.
|
5. |
Details of the investors complaints for the quarter ended on 30th June, 2008: Unresolved at the beginning of the quarter - NIL, Received During the quarter – 59, Disposed off during the quarter – 59, Unresolved at the end of the quarter – Nil.
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For, TORRENT POWER LIMITED |
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|
|
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Place : Ahmedabad |
Sudhir Mehta |
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Date : 30th July, 2008 |
Chairman |
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