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Investors > Financials > Financial Results |
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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
MARCH 31, 2006 |
| (Rs. in lacs) |
| Sr. No. |
Particulars |
Quarter ended |
Twelve months ended |
| 31.03.2006 |
31.03.2005 |
31.03.2006 |
31.03.2005 |
| |
|
|
|
(Unaudited) |
(Audited) |
| 1 |
Net Sales/Income from Operations |
24,512.30 |
22,337.18 |
101,307.74 |
95,021.76 |
| 2 |
Other Income |
498.61 |
371.16 |
1,921.37 |
1,341.80 |
| 3 |
Total Expenditure: |
|
|
|
|
| |
a) Cost of Energy Purchased |
19,638.38 |
18,626.58 |
80,278.16 |
77,285.82 |
| |
b) Staff Cost |
597.92 |
525.54 |
2,283.92 |
2,087.99 |
| |
c) Other Expenditure |
1,246.27 |
2,296.48 |
5,381.60 |
5,524.61 |
| 4 |
Interest and Other Financial Charges |
428.98 |
470.93 |
1,956.84 |
1,685.07 |
| 5 |
Depreciation |
1,034.53 |
301.99 |
3,560.04 |
3,084.37 |
| 6 |
Profit before Tax ( 1 + 2 - 3 - 4 - 5 ) |
2,064.83 |
486.82 |
9,768.55 |
6,695.70 |
| 7 |
Provision for |
|
|
|
|
| |
-Current Tax |
850.00 |
561.65 |
3,932.62 |
2,611.65 |
| |
-Deferred Tax |
(354.62) |
(562.42) |
(363.70) |
87.58 |
| |
-Fringe Benefit Tax |
5.00 |
- |
34.00 |
- |
| 8 |
Net Profit ( 6 - 7 ) |
1,564.45 |
487.59 |
6,165.63 |
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.) |
16.82 |
5.24 |
66.28 |
42.96 |
| 12 |
Aggregate of Non-promoter Shareholding |
|
|
|
|
| |
-Number of Shares |
4,801,986 |
4,801,986 |
4,801,986 |
4,801,986 |
| |
- Percentage of Shareholding |
51.62 |
51.62 |
51.62 |
51.62 |
| Notes |
| 1. |
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. |
| 2. |
The Company is one of the promoters of Torrent Power Generation Limited (TPGL), the special purpose vehicle for setting up 1147.5 MW SUGEN power generation plant, which proposes to supply the power to the Company. The Company has paid Rs. 13.25 crores as the final call money @ Re.1 per Equity Share on 13,25,00,000 Equity Shares of Rs. 10 each on February 16, 2006. |
| 3. |
The current Financial Year of the Company has been extended by six months to close on September 30, 2006. |
| 4. |
The Board of Directors of the Company, at their meeting held on March 22, 2006 have approved 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 subject to obtaining of the necessary approvals / sanctions. |
| 5. |
The Company had One investor complaint pending as on January 01, 2006. Nine complaints were received during the quarter. All these complaints were disposed off during the quarter. |
| 6. |
The above unaudited financial results for the quarter ended March 31, 2006 have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on April 20, 2006. The statutory auditors of the Company have carried out a 'Limited Review' of the above unaudited financial results for the quarter ended March 31, 2006. |
| 7. |
Previous period's figures have been regrouped wherever necessary. |
For and on behalf of
the Board
TORRENT POWER SEC LIMITED
|
Place:Ahmedabad
Date: 20.04.2006 |
|
Sudhir Mehta
Chairman |
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copyright-2005
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