The company posted a net profit of Rs 2798.04 crore, up by a massive 46.53% for the quarter ended March 2011 as compared to the corresponding quarter in last year. The company had reported a net profit of Rs 1909.58 crore in the same quarter previous fiscal.
The net sales increased by 32.17% to Rs 17921.43 crore against Rs 13559.10 crore in the corresponding quarter. The total expenditure went up by 26.6% to Rs 14225.34 crore compared to Rs 11236.53 crore the corresponding quarter.
The interest charges increased to Rs 30.50 crore from Rs 17.80 crore and tax expenses increased by 50.70% to Rs 1490.05 crore.
For the year ended March 31, 2011....
The company posted a consolidated net profit of Rs 6053.36 crore, up by 40% for the year ended March 2011 as compared to the corresponding year. The company had reported a net profit of Rs 4326.92 crore in the last fiscal.
On standalone basis, the company registered a growth of 39.45% in its net profit to Rs 6011.20 crore from Rs 4310.64 crore in the corresponding year. About 46% of the profits come from the fourth quarter, 2010-2011.
On standalone basis, the net sales and total expenditure followed a similar trend during the year, both increasing by 26% and 23% to Rs 41578.80 crore and Rs 34076.92 crore respectively. Taking the consolidated picture into account, net sales rose by 26% to Rs 41867.33 crore whereas the total expenditure went up by 22% to Rs 34320.31 crore compared to the corresponding year.
For the year under review, the standalone interest charges rose by 63.4% to Rs 54.73 crore whereas the tax expenses rose by 31% to Rs 2994.47 crore. The consolidated interest charges rose by 33% to Rs 48.63 crore and tax expenses increased by 31.33% to Rs 3012.32 crore respectively. On consolidated basis, power segment grew by 29% whereas industry segment reported a growth of 16% compared to the corresponding year. Though, power segment contributes about 80% of the revenues.
Meanwhile, the Board has recommended a dividend of Re 17.90 per share of Rs 10 each. An interim dividend of Rs 13.25 was paid earlier during the year. The Board has approved a divestment of 5% of the government holding in the company, which is expected to bring Rs 5000 crore for the government. It also recommended a stock split in 1:5 ratio.