The company is commonly referred to as NTPC, is the the country's largest power producer with presence throughout the value chain of the power generations business.
Revenues for the company went up by 9.18% on a y-o-y basis.
The growth was on the back of higher electricity sales which had increased by 9.18% year-on-year. Another item which saved the company was other income, which had increased from 226.87 crore to 643.66 crore (year-on-year) this was mainly due to interest earnings. Other income constituted 25% of net profit, which is relatively high for the any company.
The company's tax burden increased sharply in the first quarter period as it switched from minimum alternate tax (MAT) to the normal corporate tax. Its taxes increased from Rs 511.3 crore in June 2010 to Rs 771.37 in June 2011.
The company has recently also signed power purchase agreements for the supply of over 100 gigawatt of power, this is as part of the mandatory competitive tariff bidding on January 6 this year.
NTPC's tendering process for the bulk supply of 660 mw supercritical units has entered in advanced stage. The company has also invited bids for the supply of equipment in 800 mw rating. To improve its fuel security for its power plants, the company has forayed into captive coal mining. At the same time, it is also scouting for acquisition of coal assets overseas.