NTPC declares unaudited quarterly results
Published: Feb 09, 2017
By TIOLCORP News Service
NEW DELHI, FEB 09, 2017: THE National Thermal Power Corporation or NTPC's unaudited total income for the Q3 FY 2016-17 registered an increase of 11% from Rs. 17,724.68 crore in the Q3 FY 2015-16 to Rs. 19,646.09 crore. On nine month basis unaudited total income registered an increase of 10% from Rs.53,276.75 crore in the previous corresponding period to Rs.58,455.45 crore in the current 9 month period.
+ 35% growth in PBT - from Rs. 6,947.46 crore during nine month period of FY 2015-16 to Rs.9,376.70 crore for nine month of FY 2016-17. Q on Q growth in PBT is 11%. For Q3 FY 2016-17, Unaudited Profit Before Tax was Rs. 3,081.86 crore as compared to Rs. 2,790.11 crore declared in the corresponding period of previous year.
+ Profit After Tax or Q3 FY 2016-17 is Rs. 2,468.72 crore and for 9M FY 2016-17 is Rs.7,303.30 crore. PAT for Q3 grew by 5% excluding Income Tax adjustments.
+ Interim dividend of Rs. 2.61 per share declared for the financial year 2016-17. Total dividend payment would be Rs. 2,152.07 crore. Dividend will be paid on 22 nd February,2017. This will be the 24th consecutive year of dividend payment by NTPC
+ The growth in generation of over 9 month period for NTPC (without solar generation) is 4% and the same is commensurate with growth in capacity (without solar) of 4% . In comparison, the country wide growth in generation of 5% trails behind growth in capacity of 7% (both without solar). For the nine-month period of FY 2016-17, NTPC Ltd. generated 186.548 Billion Units against 179.643 Billion Units generated in the corresponding period of the previous year.
NTPC has embarked on inorganic growth with acquisition of Chhabra Thermal Power Plant. Stage 1 (4x250 MW) will be acquired by March,2017. Stage II (2x660 MW) will be acquired subsequently. Further, NIT has been invited for 3x800 MW for Patratu Thermal Power Project, a JV of NTPC and JBVNL. Further, the company has signed MoU to set up a joint venture company to supply 2400 MW power from coal based power project at Dhenkanal, Odisha for meeting captive power requirement of NALCO for proposed greenfield Aluminium Smelter Plant at KamakhyaNagar, Dhenkanal and expansion at Angul in Odisha.
NTPC has also successfully issued its first Euro denominated bond worth EURO 500 million on January 25,2017. The 10 year bond has been issued at a coupon of 2.75%. This is the first ever 10 year Euro denominated bond issuance by an Asian utility and are listed at Frankfurt & Singapore stock exchanges.
