State-run NTPC today posted Rs 2,135.35 crore standalone profit, down about 3 per cent, for the quarter ended on June 30, mainly on account of low demand of electricity.
Its net profit for the April-June quarter of last fiscal was Rs 2,201.20 crore, the NTPC Ltd said in a statement to Bombay Stock Exchange today.
The profit was down marginally in the first quarter of the current fiscal mainly due to low demand for power, as indicated in its key performance indicators for the period in its BSE filing.
During the first quarter of 2015-16, NTPC’s gross power generation was 58.69 billion units of power compared to 63.15 billion units in the year-ago period.
The company’s plant load factor (PLF) was 61.8 per cent in the quarter ended on June 30, compared to 67.33 per cent in the same quarter of the last financial year.
The PFL is a measure of the output of a power plant compared to the maximum output it could produce. The power producer run their plants on low PLF to manage their demand and supply. The low PLF indicates low demand of power.
As on June 30, the company’s total installed power generation capacity was 45,048 MW compared to 43,128 MW on the same date last year.
According to the statement the total income of the company has decreased from Rs 18,869.31 crore for the quarter ended June 30, last fiscal, to Rs 17,323.30 crore for the quarter ended June 30, 2015-16.
The company’s average tariff was Rs 3.26 per unit during the first quarter of this fiscal.
NTPC’s share closed at Rs 135.85, up 0.44 per cent, on the BSE.