NTPC, BoM and Dena bank announce results -Governance Now

NTPC, BoM and Dena bank announce results

Quarterly profit up by 70 percent for NTPC

GN Bureau | May 13, 2013

National Thermal Power Corporation (NTPC), India’s largest power generating company has achieved a growth in profit-after-tax of 68.95 percent in the fourth quarter of the financial year 2012-13.

NTPC has an installed capacity of 41184 MW, after having declared a capacity addition of 4170 MW and an addition of 4830 MW in its commercial capacity in the financial year 2012-13.

The total income of the fourth quarter of 2012-13 has increased to Rs 18,233.19 crore from Rs 17,042.71 crore in the corresponding period of the previous fiscal year, showing an increase of 6.99 percent. The profit after tax for the fourth quarter has gone up to Rs 4,381.61 crore from Rs 2,593.44 crore, mainly on account of interest income towards settlement of dues of erstwhile DESU.

The audited profit after tax of the company has increased to Rs 12,619.39 crore from Rs 9,223.73 crore last year, which is an increase of 36.81 percent whereas the audited total income for the financial year 2012-13 has increased to Rs 68,775.51 crore from Rs 64,841.88 last year. It registered a growth of 6.07 percent.

The board of directors has recommended a final dividend of Rs 2 per share including a special dividend of Rs 1.25 per share for the year 2012-13 in their meeting held on May 10, 2013. This is in addition to the interim dividend of Rs 3.75 per equity share paid in March 2013.

BoM and Dena Bank profits up

The Bank of Maharashtra saw a whopping 76.29 percent increase in net profit in financial year 2012-13 from FY 2011-12. The bank made Rs 759.52 crore last fiscal year. It also managed to bring down the proportion of non-performing assets to 1.49 percent in March 2013 from 2.28 percent in March 2012. Deposits also went up for the bank by 23.27 percent, reaching Rs 94,337 crore by end-March this year.

The net profit for Q4 of the bank of FY 2012-13 is at Rs 258.99 crore as against Rs 72.83 crore for Q4 of FY 2011-12 registering a growth rate of 255.60%.

Total income for Q4 increased to Rs 3163.88 crore recording growth rate of 52.76% over March ’12 (Q4).

Dena Bank also announced its results for the last quarter and financial year. The bank saw growth of 21.84 percent in total business in financial year 2012-13 from FY 2011-12. From Rs 1,34,326 crore in 2011-12, it has increased to Rs 1,63,664 crore, an increase of Rs 29,338 crore.

Deposits of the bank have also increased by 25.97% on a year-on-year basis. From Rs 77,166.80 crore, it has increased to Rs 97,207.15 crore.

During current financial year, the total income of the bank stood at Rs 9,554.85 crore in comparison with Rs 7,376.30 cr for FY ended 31.03.2012 showing an increase of Rs 2,178.55 crore.

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