State-run power utility NTPC on Monday reported a nearly five per cent drop in fourth quarter net profit to Rs 2,017.6 crore compared to Rs 2,113.3 crore in the year-ago period.
However, net sales increased to Rs 12,353.4 crore during January-March quarter of FY 2010 from Rs 11,445.8 crore in the same period a year earlier, NTPC said in a filing to the National Stock Exchange.
The company that owns about a fifth of India’s installed power capacity said has declared a final dividend of Rs 0.80 per share (of face value of Rs 10 each). The total dividend (including interim dividend) for the financial year 2009-10 is Rs 3.80 per share.
The group has posted consolidated net profit after minority interest of Rs 8,837.6 crore for the year ended March 31, 2010 as compared to Rs 8,092.5 crore for the year ended March 31, 2009. Total income has increased from Rs 46,063.2 crore for the year ended March 31, 2009 to Rs 51,203.3 crore for the year ended March 31, 2010.
Net sales increased to Rs 46322.59 crore in the financial year 2009-10 from Rs 41,923.73 crore in 2008-09.
It generated 218.84 billion kilowatt-hours of electricity last fiscal year, up six per cent from last year. Average tariff during the period rose to Rs 2.18 a KWh from Rs 2.11.
NTPC supplies most of the power it generates to electricity boards run by state governments. But the power tariff is set by the Central Electricity Regulatory Commission.
India has puts adding power generation capacity on the fast track. It has added 9,585 MW last fiscal year though it met only two-thirds of the target.
The shares of NTPC were quoting at Rs 203.6, down 1.09 per cent in the late afternoon trade on the National Stock Exchange.