NTPC does well

A Rs.988 crore tax write back under the Vivad se Vishwas scheme helped NTPC end Q4FY21 with a consolidated net profit of Rs.4978 crore v/s loss of Rs.266 crore (YoY). Sequentially, it was up 69%. Revenue from operations was down 1% (YoY) at Rs.30,103 crore.

The market is celebrating its FY21 earning, which on a 3% rise in total income at Rs.115547 crore, posted its highest ever net profit at Rs.14969 crore, up 26%.

The PSU recorded its highest ever gross generation of 314.07 billion units v/s 290.19 billion units (BU) (YoY). Also noteworthy is the fact that it has realized more than 100% of the billed amount during the year, crossing rupees one lakh crore - the highest ever realization.

The stock is in the green, rising over 3% to hit an intraday high at Rs.117, not too far from its 52-week high of Rs.121.