Kolkata, Nov 11 (IANS): Independent power producer India Power Corporation Limited (IPCL) has reported an 8.56 percent increase in net profits at Rs.9.23 crore during the first six months of the 2014-15 fiscal.
The company's net profit stood at Rs.8.50 crore in the corresponding period of the previous fiscal.
A company release said its net sales during the first six months of 2014-15 were to the order of Rs.325.42 crore with earnings before interest, depreciation, tax and amortization (EBIDTA) pegged at Rs.39.23 crore as against Rs.33.83 crore during the corresponding half year of the previous fiscal.
The average transmission and distribution (T&D) losses of the company during the year were estimated at 2.7 percent against a power industry average of 25 percent.