NTPC ups net profit by 48% in Q4 FY19

New Delhi: State-owned power generator National Thermal Power Corporation (NTPC) reported a net profit of Rs 4,350.32 crore for the fourth quarter of financial year 2018-19. This marks a 48.7 percent jump over the net profit recorded in the same quarter of financial year 2017-18 — Rs 2,925.59 crore.

The PSU recorded a 20 percent rise in Profit After Tax (PAT) at Rs 12,633 crore for financial year 2018-19 as opposed to 10,501 crore posted in financial year 2017-18.

Total income at Rs 97,537 crore

The public sector undertaking (PSU) recorded an 8.8 percent rise in total income at Rs 97,537 crore, as compared to Rs 89,641 crore registered in 2017-18. “The gross generation of NTPC Group for FY19 was 305.90 Billion units as against 294.27 Billion units during the previous year,” NTPC said in an official statement.

On standalone basis, PAT grew at 13.5%

On a standalone basis, without taking into account the performance of other companies within the NTPC Group, PAT rose by 13.5 percent to settle at Rs 11,749 crore in 2018-19 versus Rs 10,343 crore in 2017-18. On the other hand, total standalone income grew 8.1 per cent to Rs 92,179 crore.

The company board recommended a final dividend of 25 percent (Rs 2.50 on equity share of Rs 10 each) for FY 2018-2019. The PSU had paid an interim dividend at 35.80 percent of the paid-up share capital (Rs 3.58 per equity share of Rs 10 each in February 2019).