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NTPC's Q4 net soars 258% to Rs 4,479 cr, to pay final dividend of Rs 3.15

State-owned power giant NTPC on Saturday reported 258 per cent year-onyear increase in net profit on a standalone basis at Rs 4,479 crore for the March quarter (Q4FY21) as against Rs 1,252 crore in the same period a year earlier (Q4FY20). However, revenue from operations fell marginally (2.5 per cent) to Rs 26,566 crore as compared to Rs 27,246 crore in the year-ago period. Sequentially, net profit rose 35 per cent from Rs 3,315 crore in the December quarter (Q3FY21). The consolidated net profit came in at Rs 4,649 crore for the quarter under review, an increase of 185 per cent yearon-year.

GMR Infra Q4 loss lowers to Rs 725 crore; gross revenue at Rs 2,321 Cr

Diversified conglomerate GMR Infrastucture has posted a consolidated loss of Rs 725 crore for the January to March quarter as compared to a loss of Rs 1,127 crore in the year-ago period. It posted gross revenue of Rs 2,321 crore in Q4 FY21 as against Rs 2,349 crore in Q4 FY20. In the entire fiscal 2020-21, the company posted higher total loss of Rs 3,428 crore and lower revenue at Rs 6,229 crore as against a loss of Rs 2,198 crore and revenue of Rs 8,556 crore in 2019-20. GMR Infra has interests in airports, energy, transportation and urban infrastructure. Its overall performance has been hit due to COVID-19 pandemic.

Power Grid posts 6% growth in FY21 PAT at Rs 12,036 cr; net income rises 9%

State owned power transmission company Power Grid Corporation of India Limited (PGCIL) saw its profit after tax rise by 6 percent to Rs 12,036 crore, during the financial year 2020-21. The net income of the company also increased by 9 per cent to Rs 40,824 crore during the same period. For the quarter ending March, 2021, the total Income and profit after tax stood at Rs 10,816 crore and Rs 3,526 crore respectively. The company in a statement to the bourses said it incurred a capital expenditure of Rs 11,284 crore and capitalized assets worth Rs 21,467 crore during FY21.

Consumer demand may rebound in Q2 this fiscal: Trent Chairman Noel N Tata

Customer demand should rebound strongly, possibly from the second quarter onwards, said Trent Chairman Noel N Tata, though he remained "cautiously optimistic" on the medium-term outlook. With growth drivers such as favourable demographics, increasing per capita and disposable income, and growing consumption, India is expected to return to a strong growth trajectory, despite uncertainty over near-term outlook, he added. Trent will continue to focus on building out differentiated brands and accelerating its reach through stores and digital platforms, said Tata in the latest annual report of Trent Ltd - the Tata Group's retail arm.

Cabinet note issued for 100% FDI in oil PSUs marked for disinvestment

The commerce and industry ministry has floated a draft cabinet note seeking inter-ministerial views on a proposal to allow up to 100 per cent foreign investment under automatic route in oil and gas PSUs, which have an 'in-principle' approval for disinvestment, sources said. The move, if approved by the union cabinet, would facilitate privatisation of India's second biggest oil refiner Bharat Petroleum Corp Ltd (BPCL). The government is privatising BPCL and is selling its entire 52.98 per cent stake in the company.

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