NTPC Outperforms QoQ in generation yet Net Profit declines
31st Jul, 2014
Attributes to new Tariff Regulation’s retrospective modification of technical parameters
The country’s largest generator- NTPC Ltd having an installed capacity of 43128 MW, posted excellent operational performance for Q1 of financial year 2014-15. Gross generation for the quarter grows to 63.133 Billion Units from 57.005 Billion Units of previous corresponding quarter, up by 10.75%. Coal Stations of NTPC Ltd. clocked PLF of 84.29%, an increase by 5.17% over previous corresponding quarter.
The unaudited Total Income for Q1 of financial year 2014-15 was Rs. 18,885.14 crore as against Rs. 16,391.00 crore reported for the corresponding quarter in previous year, registering an increase of 15.22% on quarter on quarter basis.
The Company declared an unaudited Profit after Tax of Rs. 2,201.20 crore for Q1 of financial year 2014-15 as compared to Rs. 2,527.02 crore declared in the corresponding quarter of previous year.
Inspite 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. Almost 53% of Energy Sent Out has negative contribution on account of implementation of Tariff Regulations 2014.
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