Dishergarh Power Supply Company reports 4.17% rise in net profit

KOLKATA: DPSC Ltd, formerly known as Dishergarh Power Supply Company Ltd, reported a 4.17% rise in net profit to Rs. 3.79 crore during first quarter of 2011-12, against Rs 3.64 crore in the previous corresponding period.

Net sales for the quarter ended June 30, 2011 stood at Rs. 152.64 crore, registering a growth of 55 %, as compared to Rs 98.20 crore in the same period last year.

EBITA for the quarter ended June 30, 2011 registered a growth of 30 % at Rs. 6.81 crore against Rs. 5.25 crore in previous corresponding period.

Earnings per Share for the period worked out to Rs 8.89 as compared to Rs 8.56 for the same period of last fiscal. It generated 26.53 million units, while it sourced about 234 million number of units were sourced

The average transmission and distribution loss for the company in the quarter was 3.40%.
Hemant Kanoria, Chairman, DPSC Ltd, said “The Company’s vision to be one of the reliable utility and generation company in the country is well on track. We are committed to the industrial growth in the State of West Bengal and our endeavour is to provide quality power to the people of the state at an optimum price.”

DPSC’s business spans across all three verticals of the power sector, namely generation, transmission & distribution. The company generates 42.2 mw from its coal-based thermal power plants at Chinakuri & Dishergarh and an additional 60 mw is under implementation.

In the T&D space, the company has a license for supply of electricity in and around Asansol-Ranigunj area spread over 700 sq. km. with a combined distribution capacity of 230 MVA. DPSC serves more than 500 consumers’ power needs in this area. The company has strong distribution network with T&D loss of only 3% against country average of 25%.
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