4 June 2018 INR1.7b), boosted by late payment surcharge income of INR1.5b, but partly offset by 32% YoY decline in incentive income to INR1b. Generation declined 35% YoY to 2.16BU due to hydrology. For FY18, S/A PAT was down ~1% YoY to INR27.5b. Higher dividend income from subsidiaries was offset by revenue reversal at Parbati-III Unit-IV and shutdown at TLDP. O&M; under-recovery reduced by ~INR1b on lower employee and other expenses. S/A regulated equity increased 0.6% YoY to INR109b. Generation declined 1% YoY to 22.9BU in FY18. Consolidated PAT declined 17% to INR25b due to lower other income (less liquid surplus and lower later payment surcharge) and ~40% decline in PAT at NHDC subsidiary (~51% stake) due to lower generation. Kishanganga 330MW was commissioned in May 2018.