NTPC FY'13 profit climbs 28% to Rs 12,590 cr
Country's largest power producer NTPC Friday reported over 28 percent jump in consolidated net profit at Rs 12,590.78 crore for the year ended March 2013.
New Delhi: NTPC on Friday reported over 28 percent jump in net profit at Rs 12,591 crore for the year ended March 2013, mainly on account of interest income towards settlement of dues of erstwhile DESU.
The country's largest power producer had consolidated net profit of Rs 9,813 crore in 2011-12.
"On quarter-to-quarter basis, the profit after tax for Q4 of financial year 2012-13 has gone up to Rs 4,382 crore from Rs 2,593.44 crore for corresponding period of the previous year, mainly on account of interest income towards settlement of dues of erstwhile DESU," the company said in a statement.
NTPC's total income rose to Rs 69,377 crore during the 2012-13 fiscal, from Rs 65,893.25 crore in 2011-12, the statement said.
On standalone basis, the net profit rose to Rs 12,619.39 crore last fiscal, compared to Rs 9,224 crore in 2011-12. Total income went up to Rs 65,674 crore in 2012-13, from Rs 62,052.23 crore in the previous fiscal.
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 percent to Rs 4,382 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.
Meanwhile, the company is grappling with coal shortage at some of its stations and is in constant dialogue with coal monopoly Coal India for the same. At the same time it is also in talks with CIL over the quality of fuel supplied at its plants.
NTPC has agreed on almost all terms and conditions of the FSAs (fuel supply agreements) and is ready to sign them provided CIL promises to give a minimum calorific value coal.
The company buys close to 140 million tons of coal to fire its thermal power plants. While most of CIL’s other customers have signed the FSAs, NTPC is yet to sign for the 4,500 MW power generation capacity.
The signing of FSAs with Coal India would assure the power major uninterrupted supply of fuel for a longer period of time.
At present, NTPC has an installed generation capacity of 41,184 MW.
NTPC scrip closed at Rs 155.15, down 0.83 percent on the BSE.