State-run power enterprise, NTPC, has reported 16.03% decline in its net profit for the first quarter ended June 30, 2010. The provisional and un-audited profit-after-tax (PAT) stood at Rs 1,841.89 crore, against Rs 2,193.62 crore recorded during the same period of the previous 2009-10. While, at the same time, the net sales of the company rose from Rs 12,002.68, to Rs 12,944.49 crore, registering a growth of 7.8%, over the corresponding figure for the previous fiscal. The total income has also increased to Rs 13,529.42 crore, during the April-June quarter, from Rs 12,778.96 crore, recorded during the same period, a year-ago. NTPC`s total expenditure for the first quarter stood at Rs 10,640.48 crore, against Rs 9,439.80 crore in the Q1 2009-10. The earnings-per-share (EPS) of the company has declined from Rs 2.66, in the first quarter of the previous fiscal to Rs 2.23, during the period under assessment.
With an installed capacity of 31,704 MW, NTPC is the largest power generating firm in the country. The utility has contributed 28.6% of the total electricity generated in the country during the financial year 2009-10. NTPC mainly generates power from coal and gas. The company has, however, also diversified into hydropower, coal mining, power equipment manufacture, oil and gas exploration, power trading and distribution. With an increasing presence in the power value chain, NTPC envisages to become an 'Integrated Power Major'.
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