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NTPC profit grows 5% to Rs 8,657 cr in FY10

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Press Trust of India New Delhi

State-run power major NTPC today said that due to lower interest income and income tax refunds in 2009-10, the company reported a marginal growth of 5.5 per cent in the provisional profit after tax.

"The company has recorded the profit after tax of Rs 8,656.53 crore in 2009-10 due to lower interest income and income tax refunds," Chairman and Managing Director NTPC R S Sharma told reporters at the company's annual press conference here.

The country's largest power producer had a profit after tax of Rs 8,201.30 crore during the last financial year.

The company's provisional net sales in 2009-10 recorded a growth of 11.28 per cent at Rs 46,504.47 crore compared to Rs 41,791.30 crore in the previous fiscal.
     
The un-audited gross revenue of NTPC registered a growth of 9.29 per cent at Rs 49,478.86 crore in 2009-10 as against Rs 45,272.76 crore in 2008-09.
     
The company has planned a capital expenditure of Rs 29,104 for the entire group this fiscal compared to Rs 14,002.11 crore in the last financial year.
     
Shares of NTPC Ltd were trading at Rs 205.10 down 0.75 per cent in the afternoon trade on the Bombay Stock Exchange. 

 

 

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First Published: Apr 23 2010 | 1:12 PM IST

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