TORRENT POWER LIMITED |
Registered Office : Torrent House, Off Ashram Road, Ahmedabad-380 009 |
AUDITED FINANCIAL RESULTS |
FOR THE PERIOD ENDED ON 31st MARCH, 2008 |
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(Rs. in crores except per share data) |
Particulars |
For the quarter ended on |
For the quarter ended on |
For Year ended on |
Previous Accounting Period ended on |
Consolidated |
For Year ended on |
Previous Accounting Period ended on |
31.03.2008 |
31.03.2007 |
31.03.2008 |
31.03.2007
(6 Months) |
31.03.2008 |
31.03.2007
(6 Months) |
Unaudited |
Unaudited |
Audited |
Audited |
Audited |
Audited |
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Income |
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Sales/Income from Operations |
920.75 |
749.63 |
3618.32 |
1388.07 |
3618.32 |
1388.07 |
Other Income |
27.63 |
26.57 |
103.68 |
58.28 |
103.68 |
58.28 |
Total Income |
948.38 |
776.20 |
3722.00 |
1446.35 |
3722.00 |
1446.35 |
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Expenditure |
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(a) Power Purchase |
484.82 |
403.93 |
1932.47 |
718.77 |
1932.47 |
718.77 |
(b) Fuel Cost |
197.01 |
171.12 |
741.48 |
310.21 |
741.48 |
310.21 |
(c) Staff Cost |
34.66 |
26.49 |
140.28 |
58.80 |
140.28 |
58.80 |
(d) Depreciation |
38.09 |
12.29 |
147.94 |
65.22 |
147.94 |
65.22 |
(e) Other Expenditure |
74.47 |
74.08 |
323.48 |
144.23 |
323.48 |
144.23 |
Total Expenditure |
829.05 |
687.91 |
3285.65 |
1297.23 |
3285.65 |
1297.23 |
Interest |
13.07 |
10.57 |
59.78 |
19.43 |
59.78 |
19.43 |
Profit Before Tax |
106.26 |
77.72 |
376.57 |
129.69 |
376.57 |
129.69 |
Provision for Taxation |
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- Current Tax |
30.26 |
5.97 |
79.77 |
16.77 |
79.77 |
16.77 |
- Deferred Tax Liability / (-) Assets |
2.23 |
27.16 |
61.22 |
40.60 |
61.22 |
40.60 |
- Fringe Benefit Tax |
0.03 |
0.25 |
1.06 |
0.54 |
1.06 |
0.54 |
Net Profit After Tax |
73.74 |
44.34 |
234.52 |
71.78 |
234.52 |
71.78 |
Short / (-) Excess Provisions for Taxation of earlier years |
23.28 |
0.02 |
23.28 |
0.02 |
23.28 |
0.02 |
Net Profit |
50.46 |
44.32 |
211.24 |
71.76 |
211.24 |
71.76 |
Equity Share Capital (F.V. Rs.10/- per share) |
472.45 |
472.45 |
472.45 |
472.45 |
472.45 |
472.45 |
Reserves excluding Revaluation Reserve |
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|
2417.31 |
2232.93 |
2417.31 |
2232.93 |
Basic & Diluted EPS for the period on profit after Tax (in Rs.)
(Non-annualised) |
1.07 |
0.94 |
4.47 |
1.52 |
4.47 |
1.52 |
Aggregate of Public Shareholding |
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Number of Shares (in Lacs) |
2234.82 |
2141.82 |
2234.82 |
2141.82 |
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Percentage of Shareholding |
47.30% |
45.33% |
47.30% |
45.33% |
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| Notes: |
1. |
The figures for the corresponding periods have been regrouped, wherever necessary, to make them comparable with the figures for the current periods.
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2. |
The Company operates only in one business segment viz. Generation, Transmission and Distribution of Electricity.
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3. |
The company took over business operations of Bhiwandi Distribution Franchisee (Bhiwandi) effective from 26th January, 2007. Financials for the six month ended on 31st March, 2007 included financials for the period of 26th January, 2007 to 31st March, 2007 against the financials for the full year in the current year.
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4. |
Torrent Pipavav Generation Limited was incorporated on 25th September, 2007 as subsidiary of the company..
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5. |
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 15th May, 2008.
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6. |
On 15th May, 2008, the Board of Directors has recommended dividend of Rs.1.20 per equity share of Rs 10/- each fully paid up for the year 2007-08. The aggregate amount of dividend to be distributed is Rs. 66.33 crores including Rs. 9.64 crores as tax on profit to be distributed.
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7. |
Details of the investor complaints for the quarter ended on 31st March, 2008: Unresolved at the beginning of the quarter - 2, Received during the quarter – 51, Disposed off during the quarter – 53, Unresolved at the end of the quarter – NIL.
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For, TORRENT POWER LIMITED |
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Place : Ahmedabad |
Sudhir Mehta |
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Date : 15th May, 2008 |
Chairman |
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