Country's largest power producer NTPC today reported a 7% slip in net profit at Rs 2,593 crore for the quarter ended March 2012. In the year-ago period it was Rs 2,781 crore.
The company posted nearly 5% rise in consolidated net profit at Rs 9,814.66 crore in the year ended March 2012, even as fuel costs surged during the same period.
The state-run company had a consolidated net profit of Rs Rs 9,348.23 crore in the year ended March 2011.
In the last financial year, total income from operations jumped to Rs 65,893.68 crore from Rs 59,505.38 crore in the year-ago period, the company said in a statement.
NTPC's reported higher annual profit despite its fuel cost, on consolidated basis, soaring about 19% to Rs 43,302.66 crore in the last fiscal. The entity incurred fuel expenses to the tune of Rs 36,414.35 crore in the year ended March 2011.
The board of directors recommended a final dividend of Rs 0.50 per share, taking the total dividend payout to Rs 4 per share for the year 2011-12.
However, the company's net profit on a standalone basis slumped 6.7% to Rs 2,593.44 crore in the three months ended March. The same stood at Rs 2,781.84 crore in the year-ago period.
In the 2012 March quarter, total income from operations climbed to Rs 16,361.85 crore from Rs 15,597.31 crore in the comparable period.
The standalone figures for March quarter are unaudited.
Meanwhile, NTPC's standalone net profit rose over one% to Rs 9,223.73 crore in the year ended March 2012. In the previous fiscal, the same stood at Rs 9,102.59 crore.
On a standalone basis, total income from operations climbed to Rs 62,053.58 crore in the 2011-12 financial year from Rs 56,903.19 crore in the year-ago period.
NTPC has an installed capacity of 37,514 MW.