Torrent Power Limited Reports Consolidated and Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 28, 2013 at 08:08 am EST
Share
Torrent Power Limited reported consolidated and standalone unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the consolidated company's net sales/income from operations was INR 18,776.6 million against INR 18,597.1 million a year ago. Profit from operations before other income finance costs & exceptional Items were INR 2,281.4 million against INR 3,527.2 million a year ago. Profit from ordinary activities before tax was INR 1,470.1 million against INR 3,003.6 million a year ago. Net profit from ordinary activities after tax was INR 961.6 million or INR 2.02 basic and diluted per share before and after extraordinary items against INR 2,135.4 million or INR 4.50 basic and diluted per share before and after extraordinary items a year ago.
For the nine months, the consolidated company's net sales/income from operations was INR 60,955.0 million against INR 56,416.2 million a year ago. Profit from operations before other income finance costs & exceptional Items were INR 7,845.8 million against INR 13,641.8 million a year ago. Profit from ordinary activities before tax was INR 5,593.8 million against INR 11,973.0 million a year ago. Net profit ordinary activities after tax were INR 3,656.5 million or INR 7.71 basic and diluted per share before and after extraordinary items against INR 8,666.6 million or INR 18.29 basic and diluted per share before and after extraordinary items a year ago.
For the quarter, the standalone company's net sales/income from operations was INR 18,543.2 million against INR 18,487.4 million a year ago. Profit from operations before other income finance costs & exceptional items were INR 2,190.2 million against INR 3,420.2 million a year ago. Profit from ordinary activities before tax was INR 1,451.1 million against INR 2,948.1 million a year ago.
Net profit for the period was INR 948.0 million or INR 2.01 basic and diluted before and after extraordinary items per share against INR 2,112.8 million or INR 4.47 basic and diluted per share before and after extraordinary items a year ago.
For the nine months, the standalone company's net sales/income from operations was INR 60,515.5 million against INR 56,143.9 million a year ago. Profit from operations before other income finance costs & exceptional items were INR 7,582.2 million against INR 13,354.5 million a year ago. Profit from ordinary activities before tax was INR 5,528.0 million against INR 11,822.2 million a year ago. Net profit for the period was INR 3,604.1 million or INR 7.63 basic and diluted per share against INR 8,519.7 million or INR 18.03 basic and diluted per share a year ago.
Torrent Power Limited is an India-based integrated power utility company. The Company has a presence in power generation, transmission, distribution and manufacturing and supply of power cables. The Company operates through three segments: Generation, Transmission and Distribution, and Renewables. The Generation segment comprises of generation of power from thermal sources (gas and coal) and trading of regassified liquified natural gas. The Transmission and Distribution segment comprises of transmission and distribution business (licensed and franchisee) and related ancillary services. This segment also comprises the power cable business. The Renewables segment comprises of generation of power from renewable energy sources, such as wind and solar. The Company has an aggregate installed generation capacity of approximately 4,328-Megawatt peak (MWp) comprising of 2,730 megawatts (MW) of gas-based capacity, 1,236 MWp of renewable capacity and 362 MW of coal-based capacity.