Coal news and updates

NTPC’s Q1 net profit declines 12.89%

July 31: National Thermal Power Corporation Limited (NTPC), on July 31, reported a 12.89% decline in its first quarter (April-June) net profit at Rs 2,201.20 crore against a net profit of Rs 2,527.02 crore reported in the same quarter of the previous financial year, a company statement said.

“In spite of posting outstanding generation growth, profitability has declined owing to the implementation of Tariff Regulations, 2014, having provision of retrospective tightening of technical parameters post-investment decision,” the company statement said, adding: “Almost 53% of ‘energy sent out’ has negative contribution on account of implementation of Tariff Regulations, 2014.”

During the quarter under review, the state-owned company’s total income stood at Rs 18,885.14 crore as against Rs 16,391.00 crore reported for the corresponding quarter of the previous fiscal, registering an increase of 15.22%.

According to the company statement, during the quarter, the company’s gross generation for the quarter stood at 63.133 billion units, up 10.75% from 57.005 billion units in the corresponding quarter of the previous fiscal.

“Coal stations of NTPC Ltd clocked a PLF of 84.29%, an increase of 5.17% over the previous corresponding quarter,” the statement said.

Following are the Q1 results of NTPC in 2013-14 and 2012-13 (in Rs crore):