Ksk Power Regulatory News (KSK)

Immediate Release

30 October 2008

Sl No

Particulars

3 months ended

Year to Date figures for current Period ended

Year to Date figures for previous Period ended

Previous accounting year ended

30-Sep-08

30-Sep-08

30-Sep-07

 31-Mar-08

Unaudited

Unaudited 

Audited

Audited

1

(a)

Net Sales/Income from Operations

989.88

1,557.92

676.82

2,391.25

(b)

Other Operating Income

170.56

280.27

86.89

68.68

Total Income

1,160.44

1,838.19

763.71

2,459.93

2

Expenditure

a

(Increase)/decrease in stock in trade and work in progress

-

-

-

-

b

Consumption of raw materials

200.97

445.46

236.14

747.96

c

Purchase of traded goods

-

-

-

-

d

Employees cost

27.04 

49.27 

26.20

73.79 

e

Depreciation

62.33 

123.27 

79.94

223.59 

f

Other expenditure

151.08 

266.71 

142.63

599.77

Total

441.42 

884.71 

484.91

1,645.11 

3

Profit from operation before other income, Interest & Exceptional items (1-2)

719.02

953.48

278.80

814.82

4

Other Income

232.19

735.70

49.30

1,119.52

5

Profit before Interest & Exceptional items (3+4)

951.21

1,689.18

328.10

1,934.34 

6

Interest

290.01 

552.67 

177.34

627.13 

7

Profit after interest but before Exceptional items (5-6)

661.20

1,136.51

150.76

1,307.21 

8

Exceptional items

-

-

-

-

9

Profit (+)/ Loss (-) from Ordinary Activities before tax (7-8)

661.20

1,136.51

150.76

1,307.21 

10

Tax expense

209.07 

278.13

28.32

220.75 

11

Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10)

452.13

858.38

122.44

1,086.46 

12

Extraordinary Items (net of tax expense Rs. Nil)

-

-

-

- 

13

Net Profit(+)/ Loss(-) for the period (11-12)

452.13

858.38

122.44

1,086.46 

14

Minority interest

(1.78) 

16.63 

6.02

61.66 

15

Shares of associates

-

-

-

Sl No

Particulars

3 months ended

Year to Date figures for current Period ended

Year to Date figures for previous Period ended

Previous accounting year ended

30-Sep-08

30-Sep-08

30-Sep-07

 31-Mar-08

Unaudited

Unaudited 

Audited

Audited

16

Other Related items

-

-

-

17

Consolidated Net Profit(+)/ Loss(-) for the period (13-(14 to 16))

453.91

841.75

116.42

1,024.80 

18

Face Value (in Rs.)

10.00 

10.00 

10.00

10.00 

19

Paid-up equity share capital

3,461.05 

3,461.05 

910.27

2,941.88 

20

Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year 

-

-

-

3,427.60 

21

Earnings Per Share (EPS)

a

Before Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)

- Basic

1.41 

2.61

2.15

5.73

- Diluted

1.41 

2.61

1.74

5.17 

b

After Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)

- Basic

1.41 

2.61

2.15

5.73 

- Diluted

1.41 

2.61 

1.74

5.17

22

Public shareholding 

- Number of shares

154,882,709 

154,882,709

Nil

102,965,789

- Percentage of shareholding

44.75%

44.75%

Nil

 35% 

ANNEXURE IV TO CLAUSE 41

(Rs in Millions)

Particulars

3 months ended

Year to date figures for current period ended

Year to Date figures for previous Period ended

Previous accounting year ended

30-Sep-08

30-Sep-08

30-Sep-07

31-Mar-08

Unaudited

Unaudited

Audited

Audited

1. Segment Revenue

(net sale/income from each segment should be disclosed under this head)

(a) Project Development

519.15

522.75

124.98

504.78

(b) Power Generation

473.78

1,041.27

551.84

1,896.57

(c) Unallocated

-

-

-

-

Total

992.93

1,564.02

676.82

2,401.35

Less: Inter Segment Revenue

3.05

6.10

-

10.10

Net sales/Income From Operations

989.88

1,557.92

676.82

2,391.25

2. Segment Results Profit(+)/ (Loss) (-) before tax and interest from Each segment)

(a) Project Development

457.60

414.34

29.73

242.78

(b) Power Generation

90.86

258.87

162.18

503.36

(c) Unallocated

-

-

-

-

Total

548.46

673.24

191.91

746.14

Less: i) Interest

290.01

552.67

177.34

627.13

Add : ii) Other Un-allocable Expenditure net off Un-allocable income

402.75

1,015.97

136.19

1,188.20

Total Profit Before Tax

661.21

1,136.54

150.76

1,307.21

3. Capital Employed

(Segment assets - Segment Liabilities)

(a) Project Development

2,275.57 

2,275.57 

1,483.47

1,969.57

(b) Power Generation

21,551.21 

 21,551.21 

7,492.89

 16,977.49 

(c) Unallocated

13,286.66 

13,286.66 

1,990.25

1048.97

Total

 37,627.07 

 37,627.07 

10,966.61

 19,996.04 

1

The above results have been reviewed by the Audit Committee in its meeting held on 29 October 2008 and approved by the Board of Directors in its meeting held on 29 October 2008.

2

The above results for the quarter ended 30 September 2008 have been subjected to "Limited Review" by the Statutory Auditors of the Company, as per the listing agreement entered into with the stock exchanges in India.

3

The Company has completed its Initial Public Offering (IPO) and issued and allotted 34,611,000 Equity shares of Rs 10 each at a premium of Rs 230.

4

The Company's Shares got listed at the National Stock Exchange of India Limited and Bombay Stock Exchange Limited from 14 July 2008 and hence the comparative figures for the previous year/period are not required to be furnished. However, the Company has opted to publish financials for the period from 1 April 2007 to 30 September 2007 to facilitate comparison.

5

The particulars of proceeds raised from the issue and its actual utilisation up to 30 September 2008 for the stated purposes in prospectus are given below:

Sl No

Particulars

Rs. in Millions

1

Equity Share Capital

346.11

2

Share Premium

7,960.53

3

Total

8,306.64

Sl No

Particulars

Rs. in Millions

1

IPO Expenses

312.72

2

Investment in Wardha - Chhattisgarh project

590.00

3

Sub-total

902.72

4

Balance of unutilised monies out of the IPO funds in liquid funds

7,403.92

6

The segment report of KSK Energy Ventures Limited and its subsidiaries and associates has been prepared in accordance with the AS 17 "Segment Reporting" issued pursuant to the Companies (Accounting Standard) Rules, 2006 and by the Institute of Chartered Accountant of India.

7

The company has no reportable geographical segments referred to in AS 17 "Segment Reporting".

8

Number of investor complaints during the quarter ended 30 September 2008 :

Sl No

Particulars

Status

i

Opening

Nil

ii

Received

108

iii

Resolved

108

iv

Pending

Nil

9

There are no exceptional/extra-ordinary items during the quarter/period ended 30 September 2008.

10

The Company has adjusted the IPO issue expenses of Rs 399.64 million (including Rs 312.72 million as per note 4 above detailing the utilisation of funds raised in IPO) against the Securities premium account.

11

Standalone Financial results of the parent Company for the quarter ended 30 September 2008 are available on the Company's website www.ksk.co.in

12

Figures for the previous year/period have been regrouped and reclassified to conform to the classification of the current period, wherever necessary.

Date: 29 October 2008

For KSK Energy Ventures Limited

Location: Hyderabad

K.A. Sastry

Full time Executive Director

KSK Power Ventur plc

+91 40 2355 9922

S. Kishore, Executive Director

K.A.Sastry, Executive Director

Buchanan Communications

+44 (0) 20 7466 5000

Mark Edwards / Ben Willey

Arden Partners plc

+44 (0) 20 7398 1632

Richard Day / Adrian Trimmings