NTPC profit dips; will pay final dividend of ₹1.75

Our Bureau New Delhi | Updated on May 15, 2014 Published on May 15, 2014

The country’s largest power producer, NTPC, has declared a final dividend of ₹1.75 a share. This is in addition to an interim dividend of ₹4.

The State-run company also announced that its net profit went down by over 29 per cent to ₹3,093.54 crore during the three-month period ended March 31. However, after excluding one-off items like the recovery of DESU’s dues in the previous year, profit after tax has increased 35.41 per cent.

The total income for the last three months of the previous fiscal increased to ₹21,637.87 crore from ₹18,250.46 crore in the corresponding previous period, registering a growth of 18.56 per cent. For the full fiscal, total income was ₹74,707.82 crore, compared with ₹68,855.8 crore in 2012-13, showing a growth of 8.5 per cent. During the same period, net profit declined to ₹10,974.74 crore from ₹12,619.39 crore.  The total capital expenditure plan was ₹22,400 crore for the current fiscal. During 2013-14, it spent ₹20,200 crore against the target of ₹21,705 crore.

Last fiscal, the company added 1,835 MW to installed capacity and 2,675 MW to its commercial capacity. NTPC plans to add over 14,000 MW in the 12{+t}{+h} Five-Year Plan (2012-17), of which around 6,000 MW has been achieved till now.

Announcing the annual results here on Thursday, Chairman Arup R Choudhury expressed hope that power distribution company BSES will pay ₹690 crore due by May 31 as directed by the Supreme Court. If it doesn’t, “we will have no choice but to cut supply,” he warned.

The company’s share closed at ₹129.25 on Thursday, gaining nearly three per cent over Wednesday’s closing price.

Published on May 15, 2014

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!

Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.