Lignite production in the current quarter (Q1) is 36.21 Lakh Tonnes (LT) compared to 37.91 LT in the corresponding quarter of previous year. Lignite production was restricted to liquidate the opening stock. Power generation in the current quarter is 4883.91 Million Units (MU) as against 5275.52 MU in the corresponding quarter of the previous year. Lower power generation is mainly due to preponement of major overhauling of two thermal units in current quarter.
Profit for the current quarter is Rs.319.63 crore compared to Rs.316.09 crore in the corresponding quarter of previous year and registered a growth of 1.12% over the corresponding quarter of previous year.The total Revenue of the company for the current quarter is Rs.1696.81 crore as against Rs.2254.00 crore in the corresponding quarter of previous year. Reducction in turnover is mainly on account of non applicability of Clean Energy Cess after introduction of GST and application of Ind AS 115 from 1st April 2018, both having no impact on bottom line.
Net power surrender in the current quarter is decreased to 485.13 MU against 783.90 MU in the corresponding quarter of the previous year. Sale of Un-requisitioned Power increased from 198.44 MU to 288.47 MU. Further Open Market sale of lignite has also increased from 83,000 Tonne to 5.17 Lakh Tonne and registered an increase of revenue by Rs.74 crore.During the current Quarter the company has commissioned 200 MW of Solar Power to its existing renewable portfolio. Revenue from renewable registered an increase of Rs.30 crore in the current quarter over previous quarter.
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