NTPC Q1 net profit at Rs 2499cr; stock up

MUMBAI: Bolstered by higher electricity generation, country's largest power producer NTPC today posted 20 per cent rise in profit after tax at Rs 2,498.67 crore in April-June quarter, 2012-13.

The state-owned major had profit after tax of Rs 2,075.78 crore in the year-ago period.

NTPC said in a statement that its total income climbed to Rs 16,844.89 crore in the first quarter of current fiscal from Rs 15,167.89 crore in the Q1 of 2011-12 financial year.

"NTPC generated 58,878 million units of electricity from April to June 2012, an improvement of 7.83 per cent over generation of 54,604 million units in the corresponding quarter of 2011-12," it noted.

In Q1, NTPC group has added 2,160 MW of new capacity -- achieving 52 per cent of the target of 4,160 MW for the entire year.

The company shelled out Rs 3,978 crore towards capital expenditure against the target of Rs 3,967 crore in the three months ended June.

"The capex spend in this quarter is 83 per cent higher in comparison to the corresponding period of the previous year. NTPC group incurred capex of Rs. 4,721 crore during Q1 of FY13," it added.

Currently, NTPC has an installed capacity of 39,174 MW with 16,000 MW under construction.