State-owned NTPC posted a marginal rise in its net profit to Rs. 2,151.95 crore in the second quarter ended September 30, 2009 against Rs 2,110.51 crore during the September quarter in the last financial year, which also included income tax refund of Rs. 31.91 crore.
With the company not getting any such tax refund in this quarter, growth in net profit on a year-on-year comparative basis is marginal.
“The (previous year’s) income tax refund has largely impacted the profit (growth) of this quarter,” Chairman and Managing Director NTPC R. S. Sharma told reporters here.
Net sales of the company rose 11.6 per cent to Rs. 10,782.79 crore in the latest quarter of the current financial year from Rs. 9,661.42 crore in the year-ago period.
Interest and finance charges claimed Rs. 540.69 crore against Rs. 526.35 crore and taxation (net) a higher amount of Rs. 618.34 crore (Rs. 128.88 crore).
The company has total installed capacity of 30,644 MW through 26 power stations including joint ventures.
NTPC aims to achieve 50,000 MW by 2012 and 75,000 MW by 2017. It currently has 17,930 MW under construction.