Delhi,30 May:NTPC Limited, India’s largest power generating company has announced results for the fourth quarter ended March 2008.The sale of energy for fourth quarter is up by 21.39%.
The Company has declared audited Net Sales of Rs 37,050 crores during 2007-08 as against Rs. 32,595 crores registering an increase of 13.67%. The Gross Revenue crosses Rs. 40,000 crores during 2007-08 registering an increase of 13.11 %.
Profit after tax for the year 2007-08 is Rs. 7,415 crores as compared to Rs.6,865 crores during the year 2006-07, an increase of 8.01% over previous year. Adjusted audited profit after tax is Rs 7,569 crores as against adjusted audited profit of Rs. 6,562 cores for 2006-07, an increase of 15.35% after providing for incentive and keeping provision for wage revision and others (one off items).
The Board of Directors has recommended highest ever dividend of 35% for the year.