Maiden Dividend
Interim dividend of 0.26 pence
Financial Highlights
Revenue up 108% to £117.7 million
EBITDA up 81% to £42.1 million
EPS up 41% at 4.80 pence
Free cash flow generated of £20.6 million
Gearing of 55% down from 58% at 31 March 2016
Operational Highlights
Strong ramp up of assets commissioned last year - Gujarat (300 MW) at 71%, C4 (180 MW) at 80%
Total generation increased 30% at Chennai and 185% at Gujarat to 2.4 billion units
Reported Average PLF of 77% at Chennai and 71% for Gujarat
Average tariffs: Rs 5.45 Chennai, Rs 3.88 Gujarat
Effect of coal price spike softened by forward coal purchases in early 2016
Chennai cash collections stronger
