Record profit and capacity growth for NTPC at 24 percent -Governance Now

Record profit and capacity growth for NTPC at 24 percent

The company also registers increase of 1.76 percent in unaudited total income

GN Bureau | January 21, 2013

Arup Roy Choudhury, CMD, NTPC

NTPC Limited has declared a growth in profit by 24.24% in the unaudited financial results announced for the Nine-months of financial year 2012-13. The company added 24% of the total capacity commissioned in the country during the Nine-months period of the current fiscal. NTPC is India’s largest power generating company with an installed capacity of 39674 MW, after having declared a capacity of 3820 MW on commercial operation in the initial Nine-months of financial year 2012-13.

The unaudited total income for the Nine-months of financial year 2012-13 has registered an increase of 5.74% from the corresponding duration in the previous year. Income in 2012-13 was Rs. 50,542.32 crore and it was Rs. 47,799.17 crore in the previous year. For the same period the Company declared an unaudited Profit after Tax increase of 24.24% on nine-month basis. The first profit was of Rs. 8,237.78 crore as compared to Rs. 6,630.29 crore in the previous year.

For third quarter of the financial year 2012-13 the unaudited total income is the Rs. 16,529.55 crore and the unaudited profit after tax (PAT) is Rs. 2,596.76 crore as compared to Rs. 16,244.41 crore and Rs. 2,130.39 crore respectively for the corresponding third quarter of previous year. There was thus an increase of 1.76% in the unaudited total income and 21.89% in the unaudited PAT.

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