NTPC net profit dips 5 per cent

New Delhi: Country’s largest power producer NTPC’s net profit dipped by 5 per cent to Rs 2,944.03 crore in the fourth quarter ended March, 2014-15 on stringent CERC tariff norms and higher depreciation under new accounting rules.

Its net profit in the January-March quarter of the previous fiscal, 2013-14, was Rs 3,093.54 crore. The company’s turnover also declined to Rs 19,314.58 crore in January-March quarter of 2014-15, from Rs 20,939,08 crore in the year-ago period.

NTPC said that as per power sector regulator Central Electricity Regulatory Commission’s (CERC) tariff regulation effective from 2014-15 to 2018-19, the financial incentives are to be based on actual generation of power than on the basis of available generation capacity.