NTPC has slipped 6% to Rs 130, extending its previous day’s 3% fall, after reporting a marginal 1% year-on-year (yoy) growth in net profit at Rs 2,527 crore for the quarter ended June 30, 2013 (Q1), due to low demand for electricity. The power major had profit of Rs 2,499 crore in a year ago quarter.
The company’s total income from operations fell by 3% at Rs 16,358 crore during the quarter from Rs 16,847 crore in the same period last year, NTPC said in a statement.
The stock opened at Rs 137 and hit a low of Rs 128, its lowest level since October 2008, on BSE. A combined 3.63 million shares changed hands on the counter till early noon deals on BSE and NSE.
The company’s total income from operations fell by 3% at Rs 16,358 crore during the quarter from Rs 16,847 crore in the same period last year, NTPC said in a statement.
The stock opened at Rs 137 and hit a low of Rs 128, its lowest level since October 2008, on BSE. A combined 3.63 million shares changed hands on the counter till early noon deals on BSE and NSE.
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