IPCL PAT up 7.45% in Q4

India Power Corporation Limited's profit after tax has surged by 7.45 per cent in the fourth quarter ended March 31, 2015 to Rs 16.31 crore, compared to last year's comparative figure of Rs 15.18 crore. Net sales for the fourth quarter ended March 31, 2014 stood at Rs 166.58 crore and EBITDA for the quarter stood at Rs 38.84 crore, against last year's figures of Rs 34.95 crore in Q4FY13.

Commenting on the company's performance, Hemant Kanoria, Chairman, IPCL, said, "Despite the difficulties being encountered by the power sector, our focus on efficiency and customer satisfaction has resulted in better results. Due to continuous improvement in our network, we have achieved T&D losses of 2.70 per cent, far lower compared to industry average of around 25 per cent. We are now focusing on growth and backward integration.

Recently acquired Distribution Franchisee of Gaya District is on the verge of starting operation and implementation work on 450 MW plant at Haldia is progressing satisfactorily. Through these initiatives we have taken firm steps towards our goal of becoming a national player in the power industry".