NTPC registers 14% increase in PBT in FY20 amid low power demand
The country’s largest power generating company, state owned NTPC Limited registered a 14.15 per cent increase in profit before tax (PBT) for FY20. The company’s PBT stood at Rs 14,465.92 crore in FY20 against Rs 12,672.52 crore in FY19.
For the fourth quarter of FY20, the PBT increased by 24 per cent to Rs 4383.77 crore. Total income of the company for the last quarter was Rs 28,278.75 crore, while for the whole financial year it was Rs 1,00,478 crore – a 9 per cent increase over the last fiscal.
Barring three months, power demand growth during the last financial year was negative. This impacted the gross power generation and plant load factor (PLF), or operating ratio of NTPC, during the year. Gross power generation fell by 5.4 per cent year-on-year and PLF registered a decline of 11.06 per cent.
