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NTPC, despite having flat electricity generation growth, reported 68.95 per cent higher net profit during January-March 2013. The higher profit is on account of interest income towards settlement of dues of erstwhile Delhi Electric Supply Undertaking (DESU), the company said in a statement.
The power producer’s electricity generation for fourth quarter stood at 60.3 billion units, which is flat compared to same quarter previous year, said Gautam Sinha Roy, Vice-President (Equities) at Motilal Oswal Securities.
The company told analysts that the generation growth has been flat because of non-availability of imported coal.
“NTPC said that the coal import target could not be met because of technical and commercial issues. They did not divulge further,” said another analyst who attended the company’s conference call post results.
The public sector power producer reported profit after tax for fourth quarter 2012-13 at Rs 4,381.61 crore against Rs. 2,593.44 crore for corresponding period of the previous year.
The company has received Rs 2,520.08 crore, including principal and interest amount, after the Government decided to release payments towards settlement of DESU dues.
The coal generation went up four per cent year-on-year, while gas generation was down substantially by 37 per cent, due to unavailability of domestic gas, Roy added.
Average plant load factor for its coal-fired units stands at 87.2 per cent in the fourth quarter 2012-13 against 91.1 per cent in the same quarter previous year.
The total income for the fourth quarter has increased to Rs 18,233.19 crore (Rs 17,042.71 crore), up 6.99 per cent.
Final dividend of Rs 2
The power producer has decided to offer a final dividend Rs 2 per share (Rs. 10 face value) including a special dividend of Rs 1.25 per share for the year 2012-13. This is in addition to the interim dividend of Rs 3.75 per equity share paid in March.
NTPC is India’s largest power generating company having an installed capacity of 41,184 MW. It added 4,170 MW of new capacity last fiscal.
In 2012-13, NTPC net profit touched Rs 12,619.39 crore, an increase of 36.81 per cent over the previous year profit after tax of Rs 9,223.73 crore.
The total income for the financial year 2012-13 is Rs 68,775.51 crore (Rs. 64,841.88 crore), registering a growth of 6.07 per cent.
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