Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. NTPC Ltd
  6. News
  7. Summary
    NTPC   INE733E01010


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

NTPC's Fourth-Quarter Profit Tripled on Reversal of Tax Provisions

06/20/2021 | 08:44pm EDT

By Ben Otto

NTPC Ltd.'s net profit nearly tripled in its fiscal fourth quarter, largely due to the partial reversal of tax provisions made last year.

The Indian state-owned power company's net profit in the quarter ended March jumped to 45.42 billion rupees ($612.6 million) from INR15.35 billion a year ago, it said in a stock-exchange filing over the weekend.

NTPC had made outsize tax provisions in the previous year to settle 14 years of tax disputes. It subsequently decided to settle disputes for only three years, booking excess tax provisions in the latest quarter.

Revenue from operations fell to INR301.03 billion from INR303.91 billion.

For the full year, net profit rose 26% to INR146.35 billion on lower tax expenses, while revenue from operations rose 1.9% to INR1.115 trillion.

NTPC said power demand has been increasing amid rising economic activity in India, but this could be affected in the short term by lockdowns stemming from the Covid-19 pandemic.

Write to Ben Otto at ben.otto@wsj.com

(END) Dow Jones Newswires

06-20-21 2244ET

All news about NTPC LTD
07/31NTPC : Q1FY22 Unaudited Results PAT (YoY) up by 27.35%
07/29NTPC : invites tender to set up India's first Green Hydrogen Fuelling Station in..
07/28CAP XX : A Sea Of Investment Opportunities In India's Battery Energy Storage Sys..
07/26NTPC : Completes Trial of Second Unit of Odisha Thermal Power Project in India
07/23NTPC : total installed capacity touches 66875 MW with new unit of 800 MW at NTPC..
07/23NTPC Limited Announces Completion of Trial Operation by 800 Mw Capacity Unit ..
07/22NTPC : 660 MW Capacity Unit to Begin Commercial Operations from Friday
07/20NTPC : Renewable Energy Arm Wins 450 MW Solar Power Projects
07/20NTPC : wins in auction of 450 MW of Solar projects in Madhya Pradesh
07/16NTPC Limited Announces Directors Cessation
More news
Sales 2021 1 026 B 13 803 M 13 803 M
Net income 2021 128 B 1 716 M 1 716 M
Net Debt 2021 1 638 B 22 037 M 22 037 M
P/E ratio 2021 8,90x
Yield 2021 4,66%
Capitalization 1 146 B 15 416 M 15 418 M
EV / Sales 2021 2,71x
EV / Sales 2022 2,41x
Nbr of Employees 19 165
Free-Float 48,9%
Duration : Period :
NTPC Ltd Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends NTPC LTD
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus -
Number of Analysts
Last Close Price 118,20 
Average target price
Spread / Average Target -
EPS Revisions
Managers and Directors
Gurdeep Singh Chairman & Managing Director
Anil Kumar Gautam Director & Finance Director
Ramesh Babu V. Operations Director & Executive Director
Nandini Sarkar Secretary & Chief Compliance Officer
Vivek Kumar Dewangan Director