NTPC annual result of FY 2009-10:- 5.5% Jump in net profit

State-run power enterprise, NTPC, has registered a marginal growth of 5.55% in net profit for the fiscal ended March 31, 2010. The provisional and un-audited profit-after-tax (PAT) stood at Rs 8,657 crore, against the Rs 7,827 recorded during the financial year (FY) 2008-09. At the same time, net sales rose to Rs 46,504.47 crore, against the Rs 41,791.30 crore posted in the prior year, an increase of 11.28%. Gross revenues earned by the utility, at Rs 49,478.86 crore for the financial year 2009-10, also recorded a substantial increase over the previous fiscal's earnings of Rs 45,272.76 crore. The NTPC group incurred a capex of Rs 14,002.11 crore in 2009-10, with Rs 10,137.18 crore being spent by NTPC Ltd. The approved outlay for capital schemes of the NTPC Group, for 2010-11, has been pegged at Rs 29,104.06 crore.

''We have paid the highest ever interim dividend, of 2,473.64 crore, during the year``, said the Chairman and Managing Director of NTPC, R S Sharma, at a news conference held in New Delhi on April 23, 2010, to announce the company`s provisional results for 2009-10. During the fiscal, NTPC contributed a total of Rs 3,260.21 crore, including paid-up taxes, to the government exchequer. The company, over the course of the year, tied up with domestic banks and other financial institutions for new loans aggregating to Rs 16,819 crore. NTPC issued four series of bonds, on private placement basis, to eligible institutions, aggregating to Rs 1,500 crore, to finance capital expenditure on power generation projects, coal mining business, renovation and modernization activities, LNG business and refinancing of debt. NTPC's scrip continues to add to shareholders’ wealth and closed at Rs 207.25 at the end of the year at National Stock Exchange (NSE), 15.23% higher than last year, said an NTPC statement.

Power generation from NTPC-owned power stations, during the fiscal, increased by 5.75%, to reach 218.84 BU, from 206.93 BU in 2008-09. This compares favorably to the 3% generation growth achieved in the year ago period. On March 31, 2010, NTPC stations achieved their all-time highest single day generation of 684.55 million units (MU).

With an installed capacity of 31,704 MW, the utility contributed 28.6% of the total electricity generated in the country during the financial year 2009-10. Further, plant-load-factor (PLF) for the power stations run by the utility stood at 90.81%, against the national average of 77.48%, for the fiscal. The Korba power station achieved the highest PLF amongst all, of 97.6%. Out of 15 coal stations, six stations achieved PLF of more than 95%, while twelve stations exhibited PLF-levels of more than 90% during the fiscal.