NTPC posts 3-fold jump in Q4 profit

NTPC posts 3-fold jump in Q4 profit

Shares of NTPC surged 2% on June 21, after the country’s largest thermal power producer reported 3-fold jumps in net profit during the fiscal fourth quarter to March 2021.
The consolidated net profit during the period under review stood at Rs 4,649.49 crore as compared to Rs 1,629.86 crore a year ago.

Total income in the quarter under review rose to Rs 31,687.24 crore from Rs 31,330.25 crore in the same period of 2019-20.
Net profit in last financial year was Rs 14,969.40 crore compared to Rs 11,191.98 crore in 2019-20. Total income in 2020-21 was Rs 1,15,546.83 crore, up from Rs 1,12,372.58 crore in the previous year.
The company’s board has recommended a final dividend of Rs 3.15 per equity share for 2020-21. This is in addition to the interim dividend of Rs 3 per equity share paid in February 2021.
The board has also approved enhancement of borrowing limit of the company from Rs 2,00,000 crore to Rs 2,25,000 crore.
NTPC has emerged as a leader in solar bids with market share of 43%. It has three GW solar capacity target by FY22, 14 GW by FY24 and 60 GW by FY32. The company’s cashflow from operations improved 25% as its receivables declined 12%.

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