NTPC Profit Falls 70% To Rs 1,524 Crore In March Quarter

State-run energy distribution firm NTPC on Saturday reported a 70.48 per cent decline in web revenue to Rs 1,523.77 crore for the quarter ended March 31. In a regulatory submitting, Delhi-based NTPC mentioned its complete earnings got here in at Rs 31,315.three crore within the ultimate quarter of economic 12 months 2019-20, down 15.49 per cent in comparison with the corresponding interval a 12 months in the past. The firm mentioned it has taken proactive steps to make sure the provision of its vegetation to generate energy, and continued to provide energy through the coronavirus-triggered lockdown.

The firm mentioned its complete bills stood at Rs 26,685.02 crore within the January-March interval, up 25.56 per cent over the year-ago interval. That included gasoline bills of Rs 15,804.09 crore, which had been up 25.41 per cent on a year-on-year foundation.

NTPC’s provisions in the direction of present tax liabilities for the 12 months ended March 31 included Rs 2,743.64 crore in tax associated to earlier years.

For the complete monetary 12 months, NTPC reported a drop of 15.19 per cent in web revenue to Rs 11,901.96 crore, regardless of a 9.60 per cent rise in complete earnings to Rs 1,12,372.58 crore.

The firm believes the impression of the coronavirus pandemic is more likely to be short-term in nature and doesn’t anticipate any medium- to long-term dangers in its capacity to proceed as a going concern.

NTPC’s board advisable a ultimate dividend of Rs 2.65 per fairness share for the monetary 12 months 2019-20.

On Friday, NTPC shares had ended 0.88 per cent increased at Rs 97.05 apiece on the BSE, in step with a 0.94 per cent rise within the benchmark Sensex index.