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Investor Presentaiton

Warora Power Project Key Developments in Q4FY19 - Energy Revenue normalised for Coal Pass Through (CPT) and Change in law (CIL) 13% YoY led by Traction in PLF (85% vs. 78% YoY) Additional claim for CPT and CIL accounted in Q4FY18 GAR EBITDA (normalized for CPT and CIL) ▼8% YoY impacted by escalation in fuel cost and transmission charges PBT of INR 750 mn vs. INR 1.8 bn in Q4FY18 and a cash profit of INR 1 bn vs. INR 2.1 bn in Q4FY18 Kamalanga Power Project - Marginal improvement in PLF (66% vs. 65% YoY) due to improved coal supply under Shakti scheme Major maintenance undertaken during Q4FY19 Revenue normalized for CPT and CIL 6% YoY led by - - Decline in power exchange tariff rate Additional claim for CPT and CIL accounted in Q4FY18 EBITDA (normalized for CPT and CIL) 10% YoY on realisation of cheaper coal under Shakti scheme PBT of INR 453 mn vs. INR 1.3 bn in Q4FY18 and a cash profit of INR 1.2 bn vs. INR 2 bn in Q4FY18 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual 51 554
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