Overview
- Consolidated PAT for the September quarter came in at Rs 3,479 crore, down 37.9% year-on-year after Rs 2,067 crore in exceptional charges.
- The one-time hit included a Rs 1,407 crore write-off following an adverse Supreme Court ruling on a power benefit claim and a Rs 660 crore settlement to SEPCO; TSPL has filed a review petition but the receivable was written off.
- Consolidated revenue rose to about Rs 39,216–39,218 crore and EBITDA increased to Rs 11,612 crore, up roughly 12% year-on-year.
- Excluding the exceptional items, adjusted PAT was reported at Rs 5,026 crore, up about 13% from a year earlier.
- Gross debt stood at Rs 83,544 crore and net debt at Rs 62,063 crore as of September 30, with a Rs 16 per share dividend declared and progress on projects including 1.3 GW of new power capacity, first metal from the new BALCO smelter, initial alumina from Lanjigarh train 2, and the Debari roaster start-up.