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Stock Exchange Code: BSE : 517271 , NSE : HBLPOWER

Financial Results

Sl.No.	Month & Year
01	September 2011
02	March 2011
03	Postal Ballot March 2011
04	December 2010
05	September 2010
06	June 2010

( Note : Figures are in Millions Rupees )
Operating Results	2010-11	2009-10	2008-09	2007-08	2006-07	2005-06	2004-05	2003-04	2002-03	2001-02	2000-01
Gross Sales	10883	12030	14013	11340	5883	4210	3258	1928	2027	1751	1766
Net Sales	9949	11095	12439	9728	5118	3680	2838	1690	1756	1507	1502
Profit before Depreciation, Interest & Tax (PBDIT)	858	2114	2044	1576	766	584	413	243	270	261	280
Profit before interest & Tax (PBIT)	365	1823	1756	1421	681	517	356	193	227	225	249
Profit before Tax (PBT)	52	1440	1368	1103	515	385	259	125	138	137	159
Profit after Tax (PAT)	164	1004	910	671	321	262	184	87	103	115	141
Dividends	25	76	73	36	36	33	30	24	30
Dividend Tax	4	13	12	6	6	5	4	3	4
Retained Profits	135	916	825	629	279	224	150	60	69	155	141
Sources And Application of Funds Sources of Funds
Share Capital	253	253	243	243	243	221	201	201	201	201	201
Reserves and surplus	4995	4860	3608	2784	2155	1682	968	817	773	700	611
Net Worth	5248	5113	3851	3027	2398	1903	1169	1018	974	901	812
Debt	7014	4270	3676	3524	1763	1401	1122	629	695	603	599
Deferred tax liability	74	173	149	128	103	77	67	48	32	24
Funds employed	12336	9556	7676	6679	41264	3381	2358	1695	1701	1528	1411
Application of Funds
Gross Fixed Assets	5636	4580	3756	3145	2227	1616	1269	10989	952	802	687
Accumulated depreciation	1449	1150	875	606	464	380	314	258	210	167	131
Net fixed assets	4187	3430	2881	2539	1763	1236	955	840	742	635	556
Capital work-in-progress	937	788	664	345	444	181	76	50	81	69	69
Investments	1412	206	34	36	27	184	158	14	19	34	19
Gross current assets	7986	6827	5868	5355	3042	2498	1921	1205	1164	1122	1061
Current liabilities and provisions	2185	1695	1776	1604	1022	722	615	425	321	353	295
Net Current assets	5801	5132	4092	3751	2020	1776	1306	780	843	769	766
Deferred revenue expenditure			5	8	10	4	6	11	16	21	1
Net assets	12337	9556	7676	6679	4264	3381	2358	1695	1701	1528	1411
Ratios
PBT to sales (%)	0.52	12.98	11.00	11.34	10.06	10.46	9.13	7.40	7.86	9.09	1059
PAT to sales (%)	1.65	9.05	7.32	6.90	6.27	7.12	6.48	5.15	5.87	7.63	9.39
Return on capital employed (%) (ROCE) – i	4.00	22.73	28.50	24.42	19.23	18.67	16.61	12.78	15.92	17.02	20.28
Return on net worth (%) - ii	6.96	35.65	45.60	46.94	28.40	27.17	30.45	18.96	23.31	24.97	30.67
Debt : Equity (times)	1.34	0.84	0.95	1.16	0.74	0.74	0.96	0.62	0.71	0.67	0.74
Fixed Assets turnover (times) – iii	2.38	3.23	4.32	3.83	2.90	2.98	2.97	2.01	2.37	2.37	2.70
Earning per share (Rs)	0.65	4.06	37.48	27.64	13.22	11.87	9.17	4.33	5.13	5.73	7.02
Dividend (%)	10	30	30	15	15	15	15	12	15
Dividend per share (Rs)	0.1	0.30	3.01	1.48	1.48	1.50	1.49	1.20	1.49	0.00	0.00
Book Value per Share (Rs)	20.74	20.21	158.61	124.67	98.77	86.22	58.24	50.72	48.52	44.89	40.45
Share Price - March (High Price in the Month)	22.25	40.90	117.00	381.00	255.50	294.00	183.85	27.00	40.45	19.60

1. PBDIT and PBIT are net of non operating income and expenditure including exchange gain or loss arising out of
financial activities

2. ROCE is PBIT divided by average capital employed. Capital employed excludes CWIP, Cash and Non Trading Investments

3. Return (PBIT) on networth is computed based on networth

4. Year end net fixed assets are considered for computing fixed assets turnover

5. Equity Shares are sub-divided into Rs. 1/- per share during 2009-10