NTPC reports 29% drop in Q4 net profit

NTPC has reported results for fourth quarter and year ended March 31, 2014. The company has posted a fall of 29.39% in its net profit at Rs 3093.54 crore for the quarter ended March 31, 2014 as compared to Rs 4381.61 crore for the same quarter in the previous year.  However, total income of the company has increased by 18.56% at Rs 21637.87 crore for quarter under review as compared to Rs 18250.46 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a fall of 13.03% in its net profit at Rs 10974.74 crore as compared to Rs 12619.39 crore in the previous year. However, total income of the company has increased by 8.49% at Rs 74707.82 crore for year under review as compared to Rs 68855.81 crore for the year ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a fall of 9.42% in its net profit at Rs 11403.61 crore as compared to Rs 12590.78 crore in FY13. However, total income of company has increased by 8.52% at Rs 81699.10 crore for year under review as compared to Rs 75279.25 crore for the period ended March 31, 2013.