Revenues for the June 20 quarter include Rs.251cr due to favorable orders received from the court of appeal for electricity regarding the disputed income gap related to prior years maintenance cost. In the absence of that, sales growth is much higher.
Net profit for the June 21 quarter was down 44.56% to Rs207cr. The sharp drop in earnings can be largely attributed to an increase in the cost of purchasing power, which was up 39% year-on-year. The additional revenue of Rs251cr due to an appeal court order also boosted June 20 quarter sales and made current quarter earnings look low.
Net margins for the June 21 quarter were 6.67%, compared to 12.39% in the June 20 quarter and 12.87% in the March 21 quarter. However, financial costs have fallen considerably by almost 20% year-on-year.
Financial Highlights for June 21 Compared YoY and Sequentially
| Power of the torrent | |||||
| Rs in Crore | June 21 | June 20th | I AND | Mar-21 | QOQ |
| Total revenue (Rs cr) | $ 3,098.91 | $ 3,007.05 | 3.05% | 3,084.13 | 0.48% |
| Net profit (Rs cr) | MXN 206.59 | $ 372.66 | -44.56% | $ 396.93 | -47.95% |
| Diluted EPS (Rs) | $ 4.30 | $ 7.75 | $ 8.26 | ||
| Net margins | 6.67% | 12.39% | 12.87% |
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