NTPC Ltd has reported a steady performance for the March quarter. Revenue increased 11.5%, but profit from continuing operations dropped 25.5% on pay hike related expenses and an impairment charge. Excluding this impact, profit would have grown.
The company did reasonably well on other operating parameters also. Gross generation was up about 2%. Thermal power plants operated at 81.2% plant load factor (this indicates utilization levels). It added 3,845 megawatts (MW) of new capacities last fiscal year. In the current fiscal year, it plans to add 5,430MW of new capacities. As these capacities come on stream generating revenue, NTPC’s earnings are expected to get a boost from the next fiscal year. Read More…
Credit By: Live Mint
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