State-run NTPC on Monday reported a 25.5 per cent decline in its standalone net profit at Rs 2,079.40 crore for the fourth quarter ended March 31, 2017, due to impairment loss of Rs 783 crore in Ratnagiri Gas and Power Pvt Ltd, a joint venture of the company.
“The company, formerly known as National Thermal Power Corporation Limited, had posted standalone net profit of Rs 2,792.69 crore in the year ago period,” said NTPC in a filing to Bombay Stock Exchange.
The standalone total revenue of the company rose by 11.5 per cent to Rs 20,886.85 crore in Q4 FY17 compared to Rs 18,732.41 crore in Q4 FY16.
For the Q4 FY 2016-17, unaudited profit before exceptional items and tax is Rs. 3,790.90 crore as compared to Rs. 3,648.31 crore in the corresponding quarter of previous year registering an increase of 3.91 per cent.
For FY 2016-17, the company has posted net profit of Rs 9,385.62 crore against total revenue of Rs 79,342.30 crore.
NTPC Ltd. generated additional 8.339 Billion Units to cross 250 Billion Units mark in fiscal 2016-17 against back drop of declining national PLF. The total generation was 250.314 Billion Units as against 241.977 Billion Units generated in the previous year, an increase of around 3.45 per cent.
During the FY2016-17, NTPC Coal stations achieved PLF of 78.59 per cent as against National PLF of 59.88 per cent. Further, during the 4th quarter, Coal stations, Gas stations & Hydro Stations clocked availability factor of 91.62 per cent, 93.49 per cent & 106.37 per cent respectively.
The company in a separate release said that its board has recommended final dividend of Rs 2.17 per equity share for the financial year 2016-17, subject to approval of the Shareholders in the ensuing Annual General Meeting.
Meanwhile, shares of company were trading 3.01 per cent higher at Rs 161.05 apiece on the BSE at 15:05 hours.