Indiabulls Power Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Quarter and Nine Months Ended December 31, 2012
For the nine months, on consolidated basis, the company reported net loss after taxes and minority interest of INR 337.331 million or INR 0.134 diluted loss per share after extra ordinary items compared to net profit after taxes and minority interest of INR 957.890 million or INR 0.472 diluted earnings per share for the corresponding period of last year. Loss from operations before other income, finance costs and exceptional items was INR 891.118 million against INR 320.751 million for the same period last year. Loss from ordinary activities before tax was INR 383.017 million against profit from ordinary activities before tax was INR 1,188.824 million of prior year period.
For the quarter, on standalone basis, the company reported net profit of INR 16.275 million or INR 0.006 basic and diluted earnings per share after extra ordinary items compared to INR 57.370 million or INR 0.028 basic and diluted earnings per share for the corresponding period of last year. Loss from operations before other income, finance costs and exceptional items was INR 12.463 million against INR 9.284 million for the same period last year. Profit from ordinary activities before tax was INR 16.571 million against INR 71.023 million of prior year period.
For nine months, on standalone basis, the company reported net loss of INR 30.423 million or INR 0.012 basic and diluted earnings per share after extra ordinary items compared to net profit of INR 471.687 million or INR 0.231 basic and diluted earnings per share for the corresponding period of last year. Loss from operations before other income, finance costs and exceptional items was INR 370.564 million against INR 118.373 million for the same period last year. Loss from ordinary activities before tax was INR 87.921 million against profit from ordinary activities before tax of INR 554.289 million of prior year period.