NTPC Limited profit climbs 28% to Rs 12,590 cr,sets dividend at Rs 2

The state-run major had a consolidated net profit of Rs 9,812.79 crore in the year-ago period.

Written by Press Trust Of India | Published: May 10, 2013 5:05:09 pm

India’s largest power producer NTPC today reported over 28 per cent jump in consolidated net profit at Rs 12,590.78 crore for the year ended March 2013.

The state-run major had a consolidated net profit of Rs 9,812.79 crore in the year-ago period.

NTPC’s total income climbed to Rs 69,376.82 crore during 2012-13 fiscal from Rs 65,893.25 crore in the financial year ended March 2012,it said in a regulatory filing.

On a standalone basis,the net profit rose to Rs 12,619.39 crore in the last fiscal compared to Rs 9,223.73 crore in the same period a year ago. Total income went up to Rs 65,673.93 crore in 2012-13 from Rs 62,052.23 crore in the year-ago period.

The full year figures are audited and net profit numbers are after accounting for taxes,minority interest and share of profit of associates.

Meanwhile,NTPC’s standalone net profit soared more than 68 per cent to Rs 4,381.61 crore in the three months ended March 2013. In the year-ago period,the same stood at Rs 2,593.44 crore.

Total income,on a standalone basis,climbed to Rs 17,349.09 crore in the 2013 March quarter from Rs 16,361.51 crore in the same period a year ago.

“NTPC has declared its Q4FY13 results,which were a tad below expectations but at the same time has many one-offs,” said ICICIdirect.com Research in a note.

The company’s board has recommended final dividend of Rs 2 per share for the financial year 2012-13. This would be in addition to the interim dividend of Rs. 3.75 per scrip paid in March this year.

Shares of the company was marginally up at Rs 157.45 in afternoon trade on the BSE.

At present,NTPC has an installed generation capacity of 41,184 MW.

For all the latest News Archive News, download Indian Express App

Advertisement
Advertisement
Advertisement
Advertisement