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Home INTERNATIONAL NTPC Q4 net profit declines 70% to Rs 1,523 cr on larger...

NTPC Q4 net profit declines 70% to Rs 1,523 cr on larger tax provision

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Point out-operate energy big NTPC on Saturday reported above 70 for every cent decline in its consolidated net profit at Rs 1,523.77 crore in the March quarter generally owing to better tax provision below the Vivad Se Vishwas’ plan.&#13
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The consolidated net profit of the business stood at Rs 5,161.39 crore for the corresponding quarter very last fiscal, a regulatory filing claimed.&#13
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Overall earnings was Rs 31,315.32 crore in the interval less than review, when compared to Rs 26,116.15 crore in the 12 months-ago period.&#13
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The business explained it produced “provision for present tax for 2019-20 which includes&#13
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Rs 2,743.64 crore currently being tax associated to earlier yrs. This consists of added tax provision amounting to Rs 2,723.57 crore, as some of the team companies have determined to settle pending income tax disputes by opting under the Vivad se Vishwas Scheme under ‘The Direct Tax Vivad Se Vishwas Act, 2020’.&#13
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The group companies are in the approach of completion of procedural formalities less than the scheme and settlement of pending balances will be carried out on completion of this kind of formalities.”&#13
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Consolidated net profit for 2019-20 stood at Rs 11,901.96 crore, as opposed to Rs 14,034.4 crore in 2018-19.&#13
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The overall money of the firm in 2019-20 was Rs 1,12,372.58 crore as versus Rs 1,02,533.05 crore in 2018-19.&#13
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The board of administrators has also suggested a closing dividend of Rs 2.65 per equity share for 2019-20, subject matter to the approval of the shareholders in the ensuing Annual Common Conference.&#13
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The remaining dividend is in addition to the interim dividend of Rs .50 for every equity share for 2019-20 paid in March 2020.&#13
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The gross power technology of the company is 68.27 billion units (BU) in the March quarter down from 69.18 BU in the identical period of time past yr. The gross electric power era in 2019-20 is 259.61 BU down from 274.45 BU in 2018-19.&#13
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The plant load variable (PLF) or capacity utilisation of its coal-primarily based crops were at 77.58 for each cent in the March quarter, down 69.52 per cent. In 2019-20, the PLF slipped 55.99 for each cent from 60.30 for every cent in 2018-19.&#13
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Its coal imports in the March quarter were .67 million tonne as opposed to .66 million tonne in the similar time period final year. In 2019-20, its import of dry gasoline rose 2.84 million tonne from 1.04 million tonne in 2018-19.&#13
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The common tariff of the business is Rs 3.9 for each unit in 2019-20.&#13
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On the impression of Covid-19 lockdown, the firm explained: “The team believes that the effects because of to the outbreak of Covid-I9 is probably to be short-term in nature and does not foresee any medium to prolonged-term dangers in the group’s potential to keep on as a heading problem and assembly its liabilities as and when they drop thanks.&#13

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