DPSC Limited (formerly known as Dishergarh Power Supply Company Ltd), one of the oldest power utilities in India, today declared its financial performance for the first quarter ended June 30, 2012.
Net sales for the first quarter ended June 30, 2012 stood at Rs 144.35 crore against Rs 152.99 crore in the same period last year. EBITDA for the quarter stood at Rs 10.05 crore, against Rs 8.27 crore in Q1FY1, recording a 21.50% jump.
Profit after tax (PAT) was recorded at Rs. 3.65 crore during the first quarter of current financial year (Q1FY13) against Rs 3.79 crore in the corresponding period last year.
Earnings per share (EPS) stood at Re 0.038 in Q1FY13 which was same, when compared to last year figures for the same period.
The average T&D Loss for the quarter ended June, 2012 was at 3.27%, as compared to the industry average of 25% (Source: CEA).
Commenting on the company’s performance, Mr. Anup Bhargava, Director, DPSC Ltd, said, “Following our significant growth story of last year, we are happy to start year ’12-’13 on a positive note. Going forward, our focus remains on expanding and strengthening our distribution base through stable connectivity and consistent supply. We are sure that with start of operations of our new power plant at Dishergarh and completion of the 220 Kv Sub-Station at JK Nagar, we will have even better results to report during this year.”