NTPC Limited (A Govt of India Enterprise)

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1 ( ~? R ~ W I ~ ) NTPC Limited (A Govt of India Enterprise) a/ Corporate Centre Ref. No.:O 11 FAlISDlCompliancel Dated: Manager General Manager Listing Department Department of Corporate Services National Stock Exchange of India Ltd. BSE Limited Exchange Plaza Floor 25, Phiroze Jeejeebhoy Towers Bandra Kurla Complex, Bandra(E) Dalal Street Mumbai Mumbai Fax No: Fax No: Sub: Corporate Disclosure-Unaudited Financial Results for the Quarter ended June 0, Dear Sir, We are enclosing herewith the Unaudited Financial Results for the quarter ended June 0,201 8 in the prescribed format as required under Regulation () of the SEBI (LODR) Regulations, The results have been reviewed by the Audit Committee of the Board of Directors and approved by the Board of Directors in their respective meetings held on July 28, Further, as required under Regulation (2)(c) of the SEBI (LODR) Regulations, 2015, also enclosed herewith is a copy of the "Limited Review Report" by the Statutory Auditors on the unaudited financial results of the Company for the quarter ended June 0, The "Limited Review Report" has been placed before the Board of Directors in their meeting held on July The Board Meeting commenced at JZ-WL and concluded at )q The Unaudited Financial Results are also being hosted on the NTPC's website. Thanking you. Lurs faithfullv. Encl.: As Above ED (Finance & Law) & Registered Ofnce : NTPC Bhawan, SCOPE Complex, 7 Institutional Area, Lodi Road, New Delhi Corporate Identification Number : L40101DL1975G , Telephone No.: , Fax No.: , Emall : ntpcc@ntpc.co.in Website :

2 To The Board of Directors, NTPC Limited, New Delhi. INDEPENDENT AUDITORS' REVIEW REPORT We have reviewed the accompanying statement of Standalone Unaudited Financial Results of NTPC Limited for the quarter ended 0 June prepared by the Company pursuant to the requirements of Regulation of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, as modified by the Circular No. CIR/CFD/FAC/62/2016 dated 5 July This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review. We have conducted our review in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Without modifying our report, attention is invited to Note (a) & (b) to the statement of standalone unaudited financial results referred to above regarding accounting of sales on provisional basis and measurement of GCV of coal. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of Standalone Unaudited Financial Results read with notes thereon, prepared in accordance with applicable Indian Accounting Standards specified under Section 1 of the Companies Act, 201 read with Rule 7 of the Companies (Accounts) Rules, 2014 and other recognised accounting practices and policies thereon has not disclosed the information required to be disclosed in terms of Regulation of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, as modified by the Circular No. CWCFD/FAC/62/2016 dated 5 July 2016 including the manner in which it is to be disclosed, or that it contains any material misstatement. For Kalani & Co. For P. A. & Associates For S. K. Kapoor & Co. Chartered Accountants Chartered Accountants Place : New Delhi Dated: 28 July 201 8

3 SI. NO. NTPC LIMITED STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR 1 HE QUARTER ENDED 0 JUh E 2018 Particulars Quarter ended (Unaudited) 7 Crore Year ended (Audited) 6 (a) Revenue from operations (b) Other income revenue (a+b) 2 Expenses (a) Fuel cost (b) Energy purchased for trading (c) Employee benefits expense (d) Finance costs (e) Depreciation, amortisation and impairment expense (f) Other expenses expenses (a+b+c+d+e*f) Profit before exceptional items and tax (1-2) Exceptional items Profit before tax (4) Tax expense: (a) Current tax (refer note 4) (b) Deferred tax (c) Less: Deferred asset for deferred tax liability tax expense (a+b-c) 7 Profit after tax from continuing operations (5-6) 8 Net movement in Regulatory deferral account balances (net of tax) 9 Profit for the period (7*8) 10 Other comprehensive income I (expense) lltems that will not be reclassified to profit or loss (net of tax) (a) Net acturial gainsl(losses) on defined benefit plans I (b) Net gains/(losses) on fair value of equity instruments Other comprehensive income/(expense) (net of tax) (a+b) comprehensive income (9+10) Paid-up equity share capital (Face value of share each) Reserves excluding revaluation reserve as per balance sheet Earnings per share (for continuing operation) - (of T 101- each] (not annualised) (in f) (including regulatory deferral accounl balances): (a) Basic (b) Diluted Earnings per share (for continuing operation) - (of T 101- each] (not annualised) (in T) (excluding regulatory deferral accounl balances): (a) Basic I (b) Diluted I 2.94 See accompanying notes to the financial results C E C s C

4 SI. No. 1 I SEGMENT-WISE REVENUE, RESULTS, ASSETS AND LIABILITIES FOR THE QUARTER ENDED 0 JUNE 2018 t Crore Particulars Quarter ended Quarter ended Quarter ended Year ended (Unaudited) (Unaudited) (Unaudited) (Audited) Segment revenue Segment results (Profit before tax and interest) Less: (i) Unallocated finance costs (ii) Other unallocable expenditure net of unallocable income ( ) Profit before tax (including regulatory deferral account balances) Segment assets Segment liabilities The operations of the Company are mainly carried out within the country and therefore, geographical segments are not applicable

- Notes: 1 The above results have been reviewed by the Audit Committee of the Board of Directors in their meeting held on 28 July 2018 and approved by the Board of Directors in the meeting held on

5 - Notes: 1 The above results have been reviewed by the Audit Committee of the Board of Directors in their meeting held on 28 July 2018 and approved by the Board of Directors in the meeting held on the same day. 2 The statutory auditors of the Company have carried out the limited review of these financial results as required under Regulation of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, a) The CERC notified the Tariff Regulations, 2014 in February 2014 (Regulations, 2014). The CERC has issued tariff orders for all the stations except six stations for the period , under Regulations, 2014, and beneficiaries are billed based on such tariff orders issued by the CERC. For other stations, beneficiaries are billed in accordance with the principles given in the Regulations, The energy charges in respect of the coal based stations are provisionally billed based on the GCV of coal 'as received', measured at wagon top samples in respect of most of the stations barring a few on the grounds of safety issues, for the quantity supplied through conveyorslroad and other difficulties. The amount provisionally billed is T 21, wore (previous quarter f 18, crore). b) The Company has filed a writ petition before the Hon'ble Delhi High Court contesting certain provisions of the Regulations, As per directions from the Hon'ble Delhi High Court on the issue of point of sampling for measurement of GCV of coal on 'as received' basis, CERC has issued an order dated 25 January 2016 (subject to final decision of the Hon'ble High Court) that samples for measurement of coal on 'as received' basis should be collected from wagon top at the generating stations. The Company's review petition before the CERC in respect of the above order was dismissed vide their order dated 0 June Vide order dated 10 November 2016, the Hon'ble Delhi High Court has permitted the Company to approach the CERC with the difficulties being faced in implementation of the order of CERC in this regard and the Company has filed a petition with the CERC. Pending disposal of the petition by the CERC and ratification by the Hon'ble Delhi High Court, measurement of GCV of coal is being done from wagon top samples in respect of most of the stations barring a few on the grounds of safety issues, for the quantity supplied through conveyorslroad and other difficulties. Sales for the quarter ended 0 June 2018 has been provisionally recognized at t crore (previous quarter t 19,1.8 crore) on the said basis. c) Sales for the quarter ended 0 June 2018 include t (-) crore (previous quarter t 4.97 crore) pertaining to previous years recognized based on the orders issued by the CERClAppellate Tribunal for Electricity (APTEL). d) Sales include t crore (previous quarter f crore) on account of deferred tax materialized which is recoverable from beneficiaries as per Regulations, Provision for current tax for the quarter ended 0 June 2018 includes (-) T g ore a l iprevious quarter t Nil) tax related to earlier years. 5 During the quarter, revision of pay scales w.e.f. 1 January 2017 has been implemented for the employees in the executive category. Revision of pay scales for workmen category will be implemented through the process of collective bargaining, which is in progress. Pending implementation of the same, provision of t crore has been made for the quarter ended 0 June 2018 (previous quarter t crore). 6 The Company has adopted Ind AS 'Revenue from Contracts with Customers' which is mandatory for reporting periods beginning on or after 1 April Application of Ind AS 115 does not have any material impact on the financial statements of the Company. 7 For all sewred bonds issued by the Company, 100% security cover is maintained for outstanding bonds. The security has been created on fixed assets through EnglishlEquitable mortgage as well as hypothecation of movable assets of the Company. 8 Previous periods figures have been reclassified wherever considered necessary. For an on &ah of Board of ~irectoe 7 Place: New Delhi Date : 28 July 2018 (K.Sreekant) Director (Finance)

1. National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East) Mumbai Scrip Code: CIMMCO

1. National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (East) Mumbai Scrip Code: CIMMCO Cimmc Limited REGISTERED OFFICI 756 ANANDAPUR E M BYPASS, KOLKATA- 700107 CIN: L28910WB1943PLC168801 TEl : (033) 4019 0800 FAX : (033) 40190823 WEBsITE: www.cimmco.in E-MAIL: corp@cimmco.in 10th November,