NTPC Q4 net profit declines 70% to Rs 1,523 cr on higher tax provision
State-run electric power significant NTPC on Saturday claimed more than 70 for every cent decline in its consolidated internet revenue at Rs one,523.77 crore in the March quarter predominantly thanks to better tax provision below the Vivad Se Vishwas’ plan.
The consolidated internet revenue of the corporation stood at Rs five,161.39 crore for the corresponding quarter final fiscal, a regulatory filing claimed.
Total income was Rs 31,315.32 crore in the period of time below assessment, when compared to Rs 26,116.fifteen crore in the calendar year-in the past period of time.
The corporation claimed it made “provision for recent tax for 2019-20 which incorporates
Rs two,743.sixty four crore getting tax associated to before several years. This incorporates more tax provision amounting to Rs two,723.57 crore, as some of the group companies have made a decision to settle pending income tax disputes by opting below the Vivad se Vishwas Plan below ‘The Direct Tax Vivad Se Vishwas Act, 2020’.
The group companies are in the course of action of completion of procedural formalities below the plan and settlement of pending balances will be carried out on completion of these types of formalities.”
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Consolidated internet revenue for 2019-20 stood at Rs eleven,901.96 crore, when compared to Rs 14,034.four crore in 2018-19.
The overall income of the corporation in 2019-20 was Rs one,twelve,372.58 crore as against Rs one,02,533.05 crore in 2018-19.
The board of administrators has also suggested a last dividend of Rs two.65 for every fairness share for 2019-20, subject matter to the acceptance of the shareholders in the ensuing Once-a-year Normal Conference.
The last dividend is in addition to the interim dividend of Rs .50 for every fairness share for 2019-20 paid out in March 2020.
The gross electric power generation of the corporation is sixty eight.27 billion models (BU) in the March quarter down from 69.18 BU in the identical period of time final calendar year. The gross electric power generation in 2019-20 is 259.sixty one BU down from 274.forty five BU in 2018-19.
The plant load issue (PLF) or ability utilisation of its coal-primarily based plants were at 77.58 for every cent in the March quarter, down 69.52 for every cent. In 2019-20, the PLF slipped 55.ninety nine for every cent from sixty.30 for every cent in 2018-19.
Its coal imports in the March quarter were .sixty seven million tonne when compared to .sixty six million tonne in the identical period of time final calendar year. In 2019-20, its import of dry gasoline rose two.eighty four million tonne from one.04 million tonne in 2018-19.
The average tariff of the corporation is Rs three.9 for every device in 2019-20.
On the affect of Covid-19 lockdown, the corporation claimed: “The group believes that the affect thanks to the outbreak of Covid-I9 is probably to be limited-expression in character and does not foresee any medium to prolonged-expression risks in the group’s ability to continue on as a likely issue and assembly its liabilities as and when they tumble thanks.