DPSC Limited one of the oldest power utility companies in India, today reported its fourth quarter and annual performance for financial year 2012.
FY12 financial highlights (Audited)
Net Sales for FY12 was reported at Rs 538.73 crore against Rs 405.63 crore in FY11, a jump of 32.81% on year-to-year basis. EBITDA was up 115% to Rs 31.88 crore compared to Rs 14.81 crore in the last fiscal year. PAT was recorded at Rs 11.80 crore against Rs 5.67 crore, representing a rise of 108%.
Earnings Per Share stood at Re. 0.121 against Re. 0.058 last fiscal. DPSC announced a Dividend of Re. 0.05/- per share.
The average T&D Loss for the year was at 3.1%, substantially lower than the industry average of 25% which reflects on the efficiency of operations of the Company.
Q4FY12 financial highlights
Net sales for the fourth quarter ended March 31, 2012 stood at Rs 129.58 crore, registering a growth of 34.72%, as compared to Rs 96.18 crore in the same period last year. EBITDA for the quarter stood at Rs 6.82 crore, against last years loss figures of Rs (6.72) crore in Q4FY11.
PAT surged 443% during the quarter to Rs 2.15 crore compared to last years comparative figure showing a loss of Rs 3.69 crore in the corresponding period last year. Earnings per share stood at Re 0.022 as compared to Re (0.038) for the same period of last fiscal.
The Company has further reported that its Multi Year Tariff petition for the year has been filed and Orders from the regulatory authorities is expected soon.
Commenting on the company’s performance, Mr. Hemant Kanoria, Chairman, DPSC Ltd, said “The Company has yet against shown its operational efficiency which is reflected in the upward trend in its Sales figures. The Company has been disciplined and focused towards adding to its brand value as a quality and consistent power utility and has directed all efforts towards completion of its capital projects that can further strengthen its base and T & D operation parameters in the coming years. I am sure that with the market now acknowledging the supply efficiency of our Company, there will be better performance to report in the coming days. ”
About DPSC Limited (www.dpscl.com):
DPSC Limited (formerly known as Dishergarh Power Supply Company Ltd), one of the oldest power utility companies in India, was incorporated in the year 1919 in the state of West Bengal. The company was set up primarily to supply power to the Bengal Coal Company Ltd., then the largest producer of coal in Asia.
News published on 28 / 05 / 2012 by Bharat Vasandani