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Torrent Power SEC Limited
|
TORRENT POWER SEC LIMITED |
Registered Office : Torrent House, Station Road, Surat. |
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED
JUNE 30, 2006 |
| (Rs. in lacs) |
| Sr. No. |
Particulars |
Quarter ended |
Corresponding Quarter ended |
Fifteen months ended |
Previous Accounting Year |
| 30.06.2006 |
30.06.2005 |
30.06.2006 |
31.03.2005 |
| |
|
|
|
(Unaudited) |
(Audited) |
| 1 |
Net Sales/Income from Operations |
27,841.55 |
26,235.18 |
129,149.29 |
95,021.76 |
| 2 |
Other Income |
417.45 |
334.22 |
2,338.82 |
1,341.80 |
| 3 |
Total Expenditure: |
|
|
|
|
| |
a) Cost of Energy Purchased |
22,137.94 |
20,606.04 |
102,416.10 |
77,285.82 |
| |
b) Staff Cost |
599.14 |
585.39 |
2,883.06 |
2,087.99 |
| |
c) Other Expenditure |
1,067.39 |
1,452.89 |
6,448.99 |
5,524.61 |
| 4 |
Interest and Other Financial Charges |
595.86 |
599.70 |
2,552.70 |
1,685.07 |
| 5 |
Depreciation |
959.28 |
842.94 |
4,519.32 |
3,084.37 |
| 6 |
Profit before Tax ( 1 + 2 - 3 - 4 - 5 ) |
2,899.39 |
2,482.44 |
12,667.94 |
6,695.70 |
| 7 |
Provision for |
|
|
|
|
| |
-Current Tax |
900.00 |
810.00 |
4,832.62 |
2,611.65 |
| |
-Deferred Tax
|
125.00 |
25.00 |
(238.70) |
87.58 |
| |
-Fringe Benefit Tax |
5.00 |
17.00 |
39.00 |
- |
| 8 |
Net Profit ( 6 - 7 ) |
1,869.39 |
1,630.44 |
8,035.02 |
3,996.47 |
| 9 |
Paid up Equity Share Capital |
930.19 |
930.19 |
930.19 |
930.19 |
| |
(Face value Rs.10/- each) |
|
|
|
|
| 10 |
Reserves excluding Revaluation Reserves |
|
|
|
22,310.30 |
| 11 |
Basic & diluted EPS (Rs.) |
20.10 |
17.53 |
86.38 |
42.96 |
| 12 |
Basic & diluted EPS (Rs.) (Annualised) |
- |
- |
69.10 |
42.96 |
| Notes |
| 1. |
The Honourable High Court of Gujarat at Ahmedabad passed an order on July 12, 2006 sanctioning the Composite Scheme of Arrangement including amalgamation of the Company, Torrent Power AEC Limited and Torrent Power Generation Limited with Torrent Power Limited w.e.f. April 1, 2005. However, the formal order of the Honourable High Court in this respect is awaited and thereafter the Scheme would become effective on completion of necessary formalities. |
| 2. |
The Company has only one activity namely ' Distribution of Electricity ' and operates in one geographical segment. Accordingly, the Accounting Standard -17 ' Segment Reporting ' issued by the Institute of Chartered Accountants of India has been considered as not applicable. |
| 3. |
Consequent to extension of the financial year by six months the current accounting year is for the period April 1, 2005 to September 30, 2006. Accordingly, year to date figures are for a period of fifteen months and the information regarding the corresponding year to date figures for the previous year is not applicable. |
| 4. |
The Company had no investor complaint pending as on April 1, 2006. Three complaints received during the quarter were disposed off during the quarter. |
| 5. |
The above unaudited financial results for the quarter ended June 30, 2006 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on July 19, 2006. The statutory auditors of the Company have carried out a 'Limited Review' of the above unaudited financial results for the quarter ended June 30, 2006. |
| 6. |
Previous period's figures have been regrouped wherever necessary. |
For and on behalf of
the Board
TORRENT POWER SEC LIMITED
|
Place:Ahmedabad
Date: 19.07.2006 |
|
Sudhir Mehta
Chairman |
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