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₹1,523 cr on higher tax provision

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₹5,161.39 crore for the corresponding quarter last fiscal, a regulatory filing said State-run power major NTPC on Saturday reported over 70 per cent decline in its consolidated net profit at ₹1,523.77 crore in the March quarter mainly due to higher tax provision under the ‘Vivad Se Vishwas’ scheme.The consolidated net profit of the company stood at ₹5,161.39 crore for the corresponding quarter last fiscal, a regulatory filing said.Total income was ₹31,315.32 crore in the period under review, compared to ₹26,116.15 crore in the year-ago period.The company said it made "provision for current tax for 2019-20 which includes ₹2,743.64 crore being tax related to earlier years.

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