NTPC Limited, the largest power generator in the country, has announced Q1 results for 2011 on 25th July 2011. The power generating company has posted a growth of 12.70 percent in net profit during the quarter to Rs. 2,07,578 lakhs from Rs. 1,84,189 lakhs in the Q1 FY11. Sales of the company primarily through power generation business made a breakthrough in this April 2011. The company's installed capacity reached 34,194 MW (including 3364 MW under J/Vs) during the quarter start and more than this is awaited to be installed in coming years. Growth in revenues from power generation was up by 9.5 percent to Rs.14,13,726 lakhs year-on-year. But as per the company's statements, revenues are also affected by hike in tarrifs regulations by CERC w.e.f. april 2009. The sales figures are being net of previous years revenue generated this year. Also sales include Rs.893 lakhs related to deffere tax recoverable from customers.
On a worth watching case, other operating incomes have gone up significantly by 471 percent to Rs.35,274 lakhs from Rs.6,177 lakhs. Moreover the company seems highly profitable in the future as a latest press release of chairman shows that the limit of equity infusion in the company's joint ventures has been raised from Rs.1,000 crore to Rs.5,000 crore. Expenditures on the power generating business mainly went up by 10.39 percent to Rs.11,94,639 lakhs from Rs.10,82,159 lakhs during Q1 FY11. Increased fuel costs at increased plant capacities has been the major cause for the increase. Other expenitures of the company include loss of Rs.367 lakhs on account of foreign exchange fluctuations which was Rs.1,159 lakhs in Q1 FY11. Profits before (other income,interest and taxes ) managed to reach up by 18 percent to Rs.2,57,784 lakhs. As per the industry this profits figure is quite good for the investors. Other incomes increased by 26.19 percent to Rs.64,366 lakhs year-on-year.
Interest expenses for the year went up by 9.6 percent to Rs.37,435 lakhs from Rs.34,153 lakhs on account of exchange differences which are regarded as interest costs. In the Q1 FY11 such exchange differences were amounting to Rs.4,612 lakhs.Taxes currently paid were significantly up to Rs.81,321 lakhs from Rs.42,117 lakhs. Overall net profits after tax went up by 12.70 percent year-on-year up to Rs.2,07,578 lakhs from Rs.1,84,189 lakhs.
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