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| Exchange Disseminated Time 20/01/2016 14:49:49 | JSW Energy Ltd has announced the following results for the quarter ended December 31, 2015 :
The Un-Audited Standalone results for the Quarter ended December 31, 2015
The Company has posted a net profit of Rs. 2805.40 million for the quarter ended December 31, 2015 as compared to Rs. 2895.30 million for the quarter ended December 31, 2014. Total Income has decreased from Rs. 17131.90 million for the quarter ended December 31, 2014 to Rs. 16391.50 million for the quarter ended December 31, 2015.
The Consolidated Results are as follows :
"The Unaudited Consolidated results for the Quarter ended December 31, 2015
The Group has posted a net profit after taxes, minority interest and share of profit of associates of Rs. 3206.80 million for the quarter ended December 31, 2015 where as the same was at Rs. 3801.90 million for the quarter ended December 31, 2014. Total Income is Rs. 26755.70 million for the quarter ended December 31, 2015 where as the same was at Rs. 24184.40 million for the quarter ended December 31, 2014.
- (a) In the previous quarter, the Company has concluded the acquisition of 100% stake in Himachal Baspa Power Company Limited (HBPCL) which has (i) 300 MW Baspa II and (ii) 1091 MW Karcham Wangtoo hydroelectric projects both located at Himachal Pradesh.
(b) Karcham Wangtoo plant of HBPCL has filed petition for determination of final tariff with Central Electricity Regulatory Commission (CERC) and pending the receipt of final tariff order, the revenue from sale of power under long term power purchase agreements are being recognised as per the tariff petition filed with CERC.
(c) Compensation of Rs. 150 crore received by HBPCL, as per the terms of the Share Purchase Agreement, has been disclosed as an exceptional item.
(d) In view of the above, the figures for the current and previous periods are not comparable. |
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