NTPC, the country's largest power generator, has posted 11 per cent increase in net profit to Rs 1,734.7 crore during the January-March quarter, while income was up 15 per cent during the period to Rs 8,860.3 crore, as per audited results of the company announced today. | |
| The board has also recommended an additional dividend of 8 per cent, in addition to the interim dividend of 24 per cent, taking the total dividend for 2006-07 to 32 per cent. |
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| For the year as a whole, the Sensex company's net profit was up 18 per cent to Rs 6,864.7 crore, while income was up 22 per cent to Rs 32,631 crore. |
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| The profit was impacted by the provisioning for wage hikes. The revision is due from January 2007 and a "provision of Rs 97.9 crore has been made on an estimated basis." The company has also made a provision of Rs 27.6 crore towards salary of "CISF and others on estimated basis from 1st January 2006 to 31st March 2007, pending pay revision of the central government employees due with effect from January 2006," it said in a statement. |
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| "While generation during the year is up 11 per cent, profits are up 18 per cent. I would say this is a good performance," said a senior official of the company. |
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| On a consolidated basis - which includes group companies NTPC Hydro, NTPC Electric Supply Company, NTPC Vidyut Vyapar Nigam and Pipavav Power Development Company, among others - net profit was up 18 per cent to Rs 6,898.3 crore, while income was up 23 per cent to Rs 33,875.7 crore. |
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