NTPC SURGES AHEAD-PROFIT BEFORE TAX UP 24.30%

NTPC SURGES AHEAD-PROFIT BEFORE TAX UP 24.30%

Team EnergyInfraPost

​India’s largest power generation company, ​ NTPC Ltd ​ said on Monday that it has registered over 10% increase in the total income at  Rs. 79,342.30 crore ​in 2016-17 ​against Rs. 72,009.16 crore in the previous year.

For the FY 2016-17, audited profit before exceptional items and tax is Rs. 13,170.85 crore as against Rs. 10,595.77 crore for FY 2015-16, registering an increase of 24.30%. The Profit After Tax of FY 2016-17 was Rs. 9,385.26 crore.  NTPC  generated additional 8.339 Billion Units to cross 250 Billion ​u nits mark in fiscal 2016-17 against back drop of declining national PLF, . The total generation was 250.314 Billion Units as against 241.977 Billion Units generated in the previous year, an increase of around 3.45%.

During the FY2016-17, NTPC Coal stations achieved PLF of 78.59% as against National PLF of 59.88%. Further, during the 4th quarter, Coal stations, Gas stations & Hydro Stations clocked availability factor of 91.62%,93.49% & 106.37% respectively.

The unaudited total income for the Q4 FY 2016-17 is Rs. 20,886.85 crore as against the unaudited total income of Rs. 18,732.41 crore in the corresponding quarter of FY 2015-16, registering an increase of 11.50%. For the Q4 FY 2016-17, unaudited profit before exceptional items and tax is Rs. 3,790.90 crore as compared to Rs. 3,648.31 crore in the corresponding quarter of previous year registering an increase of 3.91%.

The Board of Directors has recommended Final Dividend for the FY 2016-17 at the rate of ­­­21.70% (Rs. 2.17 per share) on the face value of paid-up equity share of Rs. 10/- each, subject to the approval of shareholders in the Annual General Meeting scheduled to be held in September 2017.

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The Company had paid Interim Dividend at the rate of ­­­26.10% (Rs. 2.61 per share) in February 2017. Thus, total dividend for the Financial Year will be 47.80% of the paid-up capital of the Company i.e Rs.4.78 per share. This is the 24th consecutive year for payment of dividend.

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