QUARTER RESULTS –Q1FY 2012 - 13
1) Profit After Tax (PAT) for Q1FY13 is Rs. 25.24 Crore as compared to Rs. 45.23 Crore in Q1 FY12 lower by 44.20 %.
The decline in PAT is mainly on account of decrease in rebate income and treasury income. Rebate income has declined to Rs. 2.18 Crores in the current quarter as against Rs. 23.37 Crores in the corresponding quarter last year, whereas, the treasury income has declined to Rs. 1.58 Crores in the current quarter as against Rs. 17.31 Crores in the corresponding quarter last year.
The company has maintained zero debt throughout the quarter and therefore the interest expenses have declined to Rs. 0.11 Crores from Rs. 1.39 Crores in the corresponding quarter last year.
2) Operating Profit for Q1 FY13 is Rs. 30.76 Crore as compared to Rs. 46.54 Crore in Q1 FY12 lower by 33.91%. The Operating Profit excluding Rebate & Surcharge is Rs. 28.38 Crores in the current quarter as against Rs. 22.29 Crores in the corresponding quarter ended June ‘11.
3) Indian Power Sector embarks on a new era with the commercial operation of imported coal based thermal power project located in Andhra Pradesh. The project is being developed in two stages with 2 Units of 150 MW in each stage. M/s Simhapuri Energy Pvt. Ltd. (SEPL) has entered into Power Tolling Agreement for 200 MW with PTC India Ltd. This is the first of its kind agreement in India. The electricity generated will belong to PTC to be sold in the market.
The decline in the company’s profitability has been partly offset by a net operating profit of Rs. 12.47 Crore under tolling arrangement.
4) Electricity sold for Q1 FY13 is 6,566 Million Units (MUs) as compared to 6,726 Million Units (MUs) during Q1 FY12, marginally lower by 2.38 %.
5) The total PPAs signed by the company as on June 30, 2012 are 15,302 MW (includes cross border trade). The cumulative MoUs as on June 30, 2012 are 16,185 MW. The cumulative PSAs signed as on June 30, 2012 are 5,595 MW (includes cross border trade).
PTC India Ltd., a Government of India initiative, is the pioneer in starting a power market in India. The Company has maintained its leadership position in the power trading since inception and at present has around 43% share of the trading market. PTC has also been authorized by the Government of India to trade electricity with Bhutan and Nepal. The Company is also actively participating on Indian Energy Exchange, the first national level power exchange in the country.