Public sector power generator has NTPC reported a 4.8 per cent drop in its net profit for the fourth quarter of fiscal 2014-15 at ₹ 2,944 crore. In the same quarter last year, the company had posted a net profit of ₹ 3,093.54 crore.

The company’s net sales during the quarter also dropped 8.1 per cent to ₹ 19,314.58 crore from ₹ 21,038.83 crore in the same quarter last year.

Despite the fall in its net profit and net sales, the company’s board approved a dividend of ₹ 1.75 a share. Already, the company has paid a dividend of ₹ 0.75 a share in February 2015 and also issued bonus debentures worth ₹ 12.50 in the ratio of 1:1 for each equity share.

For the full fiscal 2014-15, the net profit fell 6.2 per cent to ₹ 10,290.86 crore from ₹ 10,974.74 crore in the previous year.

Its net sales increased marginally by 0.9 per cent to ₹ 75,362.37 crore from ₹ 74,664.61 crore. “This is despite the stringent provisions of Central Electricity Regulatory Commission tariff regulations for the period 2014-2019,” the company said in a statement.

NTPC has a capacity of 44,598 MW and its generation increased to 241.261 billion units in 2014-15 fiscal from 233.284 billion units in the previous fiscal.

The company said had it commissioned its first hydro power project at Koldam during the fiscal. It added that all its coal power stations achieved a plant load factor of 80.23 per cent against the national plant load factor of 64.46 per cent.

At 1.41PM IST, the company’s shares were trading 0.11 per cent higher on the BSE at ₹ 135.15.

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