Rs.in lacs

Particulars

Three Months ended 30.09.2006

18 Months ended 30.09.2006

Audited

Income

Net Sales/Income from Operations

66538

378310

Insurance Claim Receipt

13

1731

Other Income

2824

13909

Total Income

69375

393950

Expenditure

a) Power Purchase

29769

165712

b) Fuel Cost

16761

101862

c) Staff Cost

4443

27574

d) Other Expenditure

8984

42330

e) Less: Allocated to Capital WIP,Repairs etc.

3283

14954

Total Expenditure (a to d)-(e)

56674

322524

Interest

873

6309

Depreciation 

5352

29894

Less: Transfer from Service Line Contribution / APDRP grant

205

807

Profit before tax

6681

36030

Provision for Taxation

-Current Tax

2961

15982

-Deferred Tax Liability / (-) Assets

571

1641

-Fringe Benefit Tax

12

106

Profit after tax

3137

18301

Short / (-) Excess provisions for taxation of earlier years

0

374

Net Profit

3137

17927

Equity Share Capital (F.V. Rs.10/-per Share)

47245

47245

Reserves excluding Revaluation Reserve

215963

Basic & Diluted EPS for the period on profit after Tax ( in Rs.)

0.66

3.79

Basic & Diluted EPS for the period on profit after Tax ( in Rs.) (Annualised)

2.66

2.53

Aggregate of Public Shareholding

      Number of Shares (In Lacs)

2141.82

2141.82

      Percentage of Shareholding

45.33%

45.33%

Notes:

1

The Company operates only in one business segment viz. Generation and Distribution of Electricity.

2

No comparative figures for the same quarter in the previous year and for the previous accounting year ended on 31st March, 2005 are provided in the above statement as the Company did not have any operations during the said period.

3

The Company has been granted extension of its current accounting year by six months and hence, the same is for a period of 18 months from 1st April, 2005 to 30th September, 2006. The above financial results are after giving effect to the Composite Scheme of Arrangement including Amalgamation ('The Scheme') between Torrent Power AEC Ltd. (TPAL), Torrent Power SEC Ltd. (TPSL) and Torrent Power Generation Ltd. with the Company, as approved by Hon'ble High court of Gujarat with effect from 1st April 2005

4

Subsequent to the Scheme coming in to force from 12th September, 2006 the Company has allotted shares on 30th September, 2006 to the shareholders of erstwhile TPAL, TPSL and TPGL as per the exchange ratio and simultaneous reorganization of capital in terms of the said scheme. The Company has submitted applications to Bombay Stock Exchange Limited and National Stock Exchange of India Limited for listing of its shares, for which the approvals of the exchanges are awaited.

5

The Board of Directors has recommended a dividend of Rs. 1.20 per share for 18 months period. The total outgo alongwith corporate dividend tax will be Rs. 6464.51 Lacs.

6

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 7th November, 2006.