NTPC March Quarter Gain Falls 70% To 1524 Crores, Rs 2.65 Dividend Declared

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

For the whole fiscal calendar year, NTPC’s financial gain dropped 15.19% to Rs 11,901.96 crore

Condition-run electricity distribution company NTPC on Saturday reported a 70.48 per cent decrease in net revenue to Rs 1,523.77 crore for the quarter finished March 31. In a regulatory submitting, Delhi-primarily based NTPC reported its total profits came in at Rs 31,315.3 crore in the last quarter of fiscal 12 months 2019-20, down 15.49 per cent in contrast to the corresponding period of time a 12 months back. The organization stated it has taken proactive ways to make certain the availability of its vegetation to create electric power, and ongoing to offer electric power during the coronavirus-induced lockdown.

The company said its whole fees stood at Rs 26,685.02 crore in the January-March time period, up 25.56 per cent in excess of the yr-ago period of time. That incorporated gasoline fees of Rs 15,804.09 crore, which were up 25.41 per cent on a yr-on-year basis.

NTPC’s provisions in the direction of recent tax liabilities for the yr finished March 31 bundled Rs 2,743.64 crore in tax associated to previously years.

For the total economic calendar year, NTPC claimed a drop of 15.19 per cent in web earnings to Rs 11,901.96 crore, regardless of a 9.60 per cent rise in whole cash flow to Rs 1,12,372.58 crore.

The corporation thinks the affect of the coronavirus pandemic is very likely to be quick-phrase in mother nature and does not foresee any medium- to extensive-phrase threats in its skill to keep on as a going concern.

NTPC’s board recommended a remaining dividend of Rs 2.65 for every equity share for the economic year 2019-20.

On Friday, NTPC shares experienced ended .88 for every cent greater at Rs 97.05 apiece on the BSE, in line with a .94 per cent rise in the benchmark Sensex index.

About the author: Cory Weinberg

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