Companies

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

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