NTPC announces FY2019-20 financial results

NTPC Limited has recorded a consolidated total income of Rs 1,123.72 billion for the year ended March 2020, an increase of 9.6 per cent over Rs 1,025.33 billion recorded in the previous year.

The company’s net profit declined by about 15 per cent to Rs 119 billion from Rs 140 billion during the same period. For the quarter ended March 2020, the company recorded a total income of Rs 313.15 billion, an increase of 23 per cent over Rs 254.26 billion recorded in the quarter ended March 2019. The company’s net profit, however, declined by a steep 70.5 per cent to Rs 15.24 billion from Rs 51.61 billion during the same period. NTPC’s profitability has been affected by higher tax provisions. The company added 6,984 MW of generation capacity in 2019-20.

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