NTPC Ltd profit for the third quarter registered a downfall by 7.5%. However, revenue generated has increased during the same period.
NTPC, A Maharatna company inferred by Government of India, saw a major fall in profits by 7.5% in Q3 of FY17 to 2468.72 Crores compared with 2668.77 Crores in Q3 of FY16.The drop in profit can be concluded from the higher fuel cost that has been consumed during the period.
The company spent 12080.43 Crores on fuel in Q3 of FY17 up by 14% compared with 10580.28 Crores during the same period in previous year.
NTPC depend on domestic coal for operating its coal-fired power station and have reduced coal imports by 93% to 0.12 MnT during Q3 ended in Dec’16 compared with 1.93 MnT during Q3 of the previous year.
| Income | Quarter Ended Dec’16 | Quarter Ended Sep’16 | Quarter Ended Dec’15 |
| Gross sales | 19287.47 | 19241.47 | 17358.98 |
| Other Operating Cost | 108.45 | 156.47 | 126.74 |
| Other Income | 250.17 | 190.62 | 238.96 |
| Total Income | 19646.09 | 19588.56 | 17724.68 |
| Expenses | |||
| Fuel | 12080.43 | 11912.97 | 10580.28 |
| Employee benefit expenses | 843.68 | 848.31 | 868.42 |
| Depreciation | 1485.31 | 1434.15 | 1371.63 |
| Regulatory expense | 25.2 | 4.43 | 38.43 |
| Other Expenses | 1220.58 | 1240.85 | 1233.38 |
| Finance Costs | 909.03 | 889.83 | 842.43 |
| Tax Expense | 613.14 | 762.05 | 121.34 |
| Total Expenses | 17177.37 | 17092.59 | 15055.91 |
| Net Profit | 2468.72 | 2495.97 | 2668.77 |
Source: NTPCWebsite
Amounts in Crores
Revenue Generated:
NTPC manage to increase its yearly revenue by 10.8% Y-o-Y. The major portion of which have been come out from Energy generation and sales, which have increased by 11.6% from 17523.56 Crores in Q3 of FY16 to 19555.62 Crores in Q3 of current fiscal year.
Source: NTPC Website
Quantities in Crores
Performance Statistics during Quarter ended in Dec’16:
Electricity Generation and energy sales have increased in Q3 on the yearly basis which has been resulted from a rise in energy demand and new power plant commissioning.
| Quarter ended Dec’16 | Quarter ended Dec’16 | % Change | |
| Gross Generation | 61.40 | 60.79 | 1.00% |
| Commercial generation | 61.30 | 60.55 | 1.23% |
| Energy Sent Out | 57.28 | 56.61 | 1.18% |
Source: NTPC Website
Quantities in Billion Units(BU)
Plant utilisation Factor (PLF) for coal-based power plant has increased 2.56% to 77.21 in Q3 compared with 74.65 in Q2 of FY17. However, PLF has declined by 1.02% compared with 78.23 in Q3 of the previous year.
While PLF of conventional energy plants (Coal, Gas, and Hydro) have decreased on yearly basis. PLF of solar plants has increased by 3.25% to 18.60 during the quarter ended in Dec’16 thus reducing dependency on non-renewable sources.
With an installed capacity of 48,028 MW of NTPC group and around 20,000 MW power projects in line for commissioning, NTPC will help government’s plan to provide power to all by 2020.
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