RIL
The Anil Ambani group company posted a good set of numbers for Q2FY14. It ended the quarter with a 4% (YoY) rise in consolidated net profit at Rs.250 crore on a 22% increase in operating revenue at Rs.1321 crore. EBITDA was up 10% at Rs.431 crore. The company’s total operating cost was at Rs.986 crore of which 826 crore or 84% is power and fuel bill. This cost, YoY, has surged 30%. Its other big ticket expense is on interest outgo, which for the quarter was at Rs.166 crore, up 21% and for H1FY14, interest outgo stood at Rs.323 crore. Its debt (Long term borrowing + short term borrowing) as at 30th Sept 2013 stood at Rs.29,209 crore. Cash balance was at Rs.3273 crore. The total debt of all ADAG companies has ballooned to Rs 113,543.9 crore from Rs 91,496.7 crore last fiscal.
The big trigger for the company will be next month when it will commission the second 660 MW unit of its UMPP at Sasan, Madhya Pradesh. This is the first of the three 4000 MW UMPP awarded to the company, the other two coming up at Krishnapatnam in Andhra Pradesh and Tilaiya in Jharkhand. The Sasan UMPP is a coal fired power plant and it started coal production at its 20 Mtpa mine at Moher and Moher-Amlohri. Its 1200 MW plant at Rosa in UP operated at 90% while the 40 MW Dhursar solar plant in Rajasthan operated at 20% PLF and the 45 MW wind project in Vashper in Maharashtra operated at 33% PLF. Another 100 MW concentrated solar power plant is expected to commissioned at Dhursar in the current fiscal.