DPSC Limited (formerly known as Dishergarh Power Supply Company Ltd), one of the oldest power utility companies in India, today reported its financial performance for the quarter and nine-months period ended December 31, 2011.
Net sales for the third quarter ended December 31, 2011 stood at Rs 1.25bn, registering a growth of 24%, as compared to Rs 1.01bn in the same period last year.
Net profit for Q3FY12 was recorded at Rs 27.1mn, as compared to Rs 27.2mn during the corresponding period previous year.
The EBITA for the quarter ended December 31, 2011 stood at Rs 6.99 crore, up 22 % as against Rs 5.74 Crore in Q3FY11.
The average T&D Loss for Q3FY12 was at 3.1% which reflects on the efficiency of operations of the Company.
For the nine months period (9M FY12) ended December, 2011, DPSC Ltd’s net sales grew by 32% to Rs 409.14 crore as compared to Rs 309.44 crore in the same period last year. Net profit for 9MFY12 rose by 3% to Rs 9.65 crore, as against Rs 9.37 crore during the corresponding period previous year.
The EBITA during the first nine months of current financial year stood at Rs 23.25 crore, up 42% as against Rs 16.41 Crore in Q3FY11.
Commenting on the quarterly financial performance of the company, Jyotirmay Bhaumik, CEO, DPSC Ltd, said that “the Company’s operations during the year has maintained its upward scale as evident from the rise in the sales figure and EBITA. Our capital projects are in full swing and we are now in the process of commissioning our 12 MW Thermal Power Plant in Dishergarh and we will continue to consolidate our operations and assets and create benchmarks in operations.”