A 10% (YoY) drop in costs and exceptional income of Rs.657 crore , which was on account of demerger of transmission business and subsequent stake sale of this to Adani Transmissions; this alone helped the company show, for Q4FY15, a consolidated net profit of Rs.715 crore, a turnaround from loss of Rs.429 crore in Q3 and  down 72% (YoY). But for this exceptional income, net profit for the quarter would have been at Rs.57 crore. Consolidated net income for the quarter dropped 22% at Rs.4661 crore.

The company’s interest outgo remains big as usual. For Q4FY15, it was at Rs.1202 crore and for FY15, it was at a gargantuan Rs.5203 crore which is 27% of the total income earned during the year.  Debt at end of FY15 (long term + short term borrowings) stood at Rs.41,385 crore, up 4%. The company ended FY15 with a consolidated net loss of Rs.816 crore, up from the loss of Rs.290 crore in FY14.