1. Dabhol impairment pulls down NTPC Q4 Net 25% at Rs 2,079cr

Dabhol impairment pulls down NTPC Q4 Net 25% at Rs 2,079cr

NTPC's impairment loss was of Rs 783 crore in Ratnagiri Gas And Power Pvt Ltd, which is a joint venture of the company.

By: | New Delhi | Published: May 29, 2017 4:52 PM
NTPC, market, net profit, ratngiri power plant, impairment loss, State-run power giant Standalone net profit was at Rs 2,792.69 crore in the quarter ended March 31, 2016, NTPC said in a BSE filing(Reuters)

State-run power giant NTPC’s standalone net profit declined by 25.54 per cent to Rs 2079.40 crore for the quarter ended March 31, 2017 on impairment of investment in Ratnagiri Power plant known as Dabhol project. NTPC’s impairment loss was of Rs 783 crore in Ratnagiri Gas And Power Pvt Ltd, which is a joint venture of the company. Standalone net profit was at Rs 2,792.69 crore in the quarter ended March 31, 2016, NTPC said in a BSE filing. According to the statement, standalone total revenue of the company was up at 20,886.85 crore during the period compared to Rs 18,732.41 crore in the year-ago period. Standalone net profit in 2016-17 was down at 9,385.26 crore from Rs 10,769.60 crore in the previous fiscal. Standalone total revenue was at Rs 79,342.30 crore, up from Rs 72,009.16 crore.

Its consolidated net profit for 2016-17 was Rs 10,713.94 crore compared to Rs 10,780.73 crore a year ago. Consolidated total revenue was at Rs 83,047.64 crore in the last fiscal compared to Rs 74,484 crore in the previous fiscal. The board of directors also recommended a final dividend of Rs 2.61 per equity share for 2016-17, subject to approval of shareholders in ensuing annual general meeting. The final dividend is in addition to the interim dividend of Rs 2.61 per equity share for the financial year 2016-17 paid in February 2017. The company said that average tariff during 2016-17 was Rs 3.30 per unit. The gross power generation of the company was up at 250.31 billion units (BUs) in 2016-17 compared to 241.97 (BUs).

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Its gross electricity generation also rose to 63.77 BUs in the quarter ended March 31, 2017 compared to 62.33 BUs in the year ago period. Plant load factor (PLF) or capacity utilisation for coal based power plants was 78.59 per cent in 2016-17 compared to 78.61 per cent in the previous fiscal. Similarly, the PLF for coal based plants was 81.21 per cent in quarter ended March 31, 2017 compared to 81.30 per cent in year-ago period. The company’s dependence on imported coal has reduced as it used 1.03 million metric tonnes (MMT) in 2016-17 compared to 9.48 MMT in previous year. Similarly imported coal used by company came down to 0.08 MMT in the fourth quarter from 1.13 MMT year ago. The company’s group installed generation capacity was 50,498 MW as on March 31, 2017 up from 46,653 MW a year ago.

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