NTPC net rises 52%

CORPORATE SCORECARD

The country's largest power generating company NTPC has posted a 52.6 per cent jump in net profit on the back of 19 per cent increase in gross revenues during the quarter ended June 30. The Sensex company posted a net profit of Rs 2,370 crore during the quarter compared with Rs 1,553 crore in the previous corresponding quarter.

"The rise in revenue is the primary reason for the increase in net profit," said T Sankaralingam, chairman and managing director, NTPC. He added that growth in the next quarter was expected to be higher.

The gross revenue for the quarter has grown by 19.03 per cent to Rs 9,687 crore compared with Rs 8,139 crore in the previous year. Other income during the quarter also increased to Rs Rs 718.1 crore from Rs 636.9 crore. Expenditure during the quarter rose 22 per cent to Rs 6,275 crore from Rs 5,157crore in the same quarter of the last financial year.

Profit before tax was at Rs 2893.4 crore during the quarter against Rs 1633.6 crore in last corresponding quarter. Earnings per share during the quarter also increased to Rs 2.87 from Rs 1.88 in the same period last year.

NTPC shares closed at Rs 163.25 on Monday, up 1.27 per cent on the Bombay Stock Exchange.