DPSC Ltd Q1FY13 EBIDTA jumps 21.50% to Rs 10.05 crore; Q1FY13 Net Sales stable at Rs 144.35 crore

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

Kolkata, West Bengal, August 16, 2012 /India PRwire/ -- 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."

Notes to Editor

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.

An erstwhile Andrew Yule company, DPSC went for a disinvestment in the year 2009-10 & was taken over by India Power Corporation Limited (IPCL). DPSC has ever since supported the process of rapid industrialization of the State. The company is listed on the National Stock Exchange and the Calcutta Stock Exchange.

DPSC Ltd.'s business spans across all two verticals of the power sector, namely Generation & Distribution. The company has a generation capacity of 42.2 MW in coal-based thermal power plants at Chinakuri & Dishergarh.

In the T&D space, the company has a license for supply of electricity in and around Asansol-Ranigunj area spread over 700 sq. km. with a combined distribution capacity of 250 MVA serving to more than 500 consumers' power needs in this area, comprising of critical resources like underground coal mines of Eastern Coalfields Limited, Govt. Hospitals etc. The company has strong distribution network with T&D loss of only 3.20% against country average of 25% (Source: CEA).

The company's 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%.


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