State-run power generator NTPC has informed the stock exchanges that it would declare the audited results for FY08 within three months from the end of the financial year, ie, by June 30, 2008. Thus, it will not announce any unaudited results for the quarter ended on March 31, 2008.

For FY08, the provisional net sales of the company stood at Rs 37,004.6 crore, as against Rs 32,595.2 crore during the corresponding period of the last year.

Adjusted provisional and un-audited profit climbed 12.86% to Rs 7,405.6 crore after deducting incentives and keeping provision for wages revision and others, and 100% realization of billings for the fifth year in succession. Capital expenditure incurred during FY08 on a variety of capital schemes was Rs 8,621 crore as against Rs 8,000 crore the previous year, an increase of 7.76%.

The company’s overall capacity increased during the year was 1,740 MW, and it has also unveiled an ambitious capacity addition of about 22,430 MW during the 11th Five-Year plan.

NTPC has decided to add up 2,580 MW in FY09, 3,000 MW in FY10, 5,960 MW in FY11 and 8,310 in FY12. This forceful expansion, together with its PLF and unscheduled interchange charge would drive earnings at a 20.16% CAGR FY07-10E and perk up RoE to 14.30% from the regulated 14%.

On April 11, the 50:50 joint venture between NTPC and Bharat Heavy Electricals (BHEL) is expected to bid for future ultra mega power projects (UMPP`s) once the JV get registered by month-end.

Besides, the JV had already identified two projects in India. NTPC and BHEL decided to form a joint venture last September to execute power sector projects in India and abroad.

At 2.32 pm, the stock of the company is trading at Rs 189.75, up 0.96% on the Bombay Stock exchange (BSE).