POWER UTILITY | Staff Reporter, India

NTPC's profits dropped to $1.34b in FY 2020

Generation declined to 290.19 billion units compared to last year.

India’s state-owned NTPC’s profit after tax fell to $1.34b (₹10,112.81 crore) in FY 2020, from $1.56b (₹11,749.89 crore) in FY 2019 according to a press release. Over the same period, total income grew 9% to $13.32b (₹100,478.41 crore).

In Q4, the utility posted a 25.43% rise in income to $3.75b (₹28,278.75 crore), whilst profit before tax expanded 23.93% to $468.75m (₹3,537.17 crore). This translated to a 14.15% rise in profit before tax to $1.92b (₹14,465.92 crore) in FY 2020.

In FY 2020, NTPC recorded the highest commercial capacity addition of 8.26GW. However, its gross generation declined to 290.19 billion units as against 305.90 billion units during the previous year. On a standalone basis, gross generation was at 259.62 billion units as against 274.45 billion units in the previous year.

Coal stations achieved a plant load factor of 68.20%, against the national average of 55.89%, with an availability factor of 89.67%.

The company had paid an interim dividend at 5% of paid-up share capital or $0.0066 (₹0.50) per equity share in March.

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