NTPC Q4 profit jumps
New Delhi: The Country’s largest power generator — NTPC Ltd. which along with its group companies, has an installed capacity of 55,126 MW, declared its audited annual financial results for FY19 along with the unaudited financial results for Q4 FY19 on 25 May 2019. The Gross Generation of NTPC Group for FY19 was 305.90 billion units as against 294.27 billion units during the previous year. On consolidated basis, in FY19, the Total income was Rs 97,537.34 crore as against the Total income of Rs 89,641.59 crore during previous year, registering an increase of 8.81%. For NTPC Group, Profit After Tax for FY19 was Rs 12,633.45 crore as compared to Rs 10,501.50 crore in the previous year, registering an increase of 20.3%. On Standalone basis, The Gross Generation of NTPC for FY19 was 274.45 Billion units as against 265.80 Billion units in the previous year thereby registering an increase of 3.26%.
NIIT Ltd Q4 net profit up 18 pc to Rs 23 cr
New Delhi: NIIT Ltd on Saturday said its consolidated net profit rose 18 per cent to Rs 23.2 crore in the March quarter, helped by increased productivity and turnaround in its skills and careers (SNC) business. The skills and talent development firm had posted a net profit
of Rs 19.7 crore in the year-ago period. Its revenue grew 8 per cent to Rs 239.7 crore in the quarter under review from Rs 222.8 crore in the year-ago period, NIIT said in a statement. NIIT Ltd, which had announced selling its shares in NIIT Technologies in April this year, said the company received gross proceeds of Rs 2,020.4 crore in cash from the transaction.
“The Board constituted a committee to make recommendations for utilisation of proceeds for rewarding shareholders in the most efficient
and judicious manner, subject to statutory limits and necessary approvals, and after providing for transaction related costs, taxes, retirement of debt, growth capital and a prudent Indemnity reserve. The committee shall provide its recommendations to the Board prior to the declaration of audited results for Q1,” it added.