More power: NTPC profit jumps 20% to Rs 2,498.7 cr | business | Hindustan Times
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More power: NTPC profit jumps 20% to Rs 2,498.7 cr

India’s largest power producer NTPC Ltd announced a 20% year-on-year jump in its profit after tax (PAT) at R2,498.7 crore in the April-June quarter of the current fiscal.

business Updated: Jul 27, 2012 22:29 IST
HT Correspondent

India’s largest power producer NTPC Ltd announced a 20% year-on-year jump in its profit after tax (PAT) at R2,498.7 crore in the April-June quarter of the current fiscal.

The company’s PAT stood at Rs 2,075.9 crore in the year-ago period.

NTPC’s total income climbed to Rs 16,844.9 crore in the quarter from Rs 15,168.0 crore in the Q1 of 2011-12 financial year.

“NTPC generated 58,878 million units of electricity from April to June 2012, an improvement of 7.8% over generation of 54,604 million units in the corresponding quarter of 2011-12,” a company statement said.

In the first quarter, NTPC has added 2,160 MW of new capacity, achieving 52% of the target of 4,160 MW for the entire year. The company shelled out Rs 3,978 crore towards capital expenditure against the target of Rs 3,967 crore in the three months ended June.

“The capex spend in this quarter is 83% higher in comparison to the corresponding period of the previous year. NTPC group incurred capex of Rs 4,721 crore during Q1 of FY13,” it added.