NTPC Q2 net jumps 40 percent to Rs.2,898 crore

State-run generator NTPC on Thursday posted a 40 percent increase in net profit at Rs.2,898.28 crore for the second quarter ended September, on the back of higher power generation.

"The company has posted a net profit of Rs.2898.28 crore for the quarter ended September 30, 2015 as compared to Rs 2071.63 crore for the quarter ended September 30, 2014," NTPC said in a stock exchange filing.

The company's total income increased to Rs.18,173.9 crore in the quarter in question, from Rs.17,267.32 crore in the corresponding period of the last fiscal.

The nation's largest generator's revenues from power generation during the second quarter increased to Rs.17,950.28 crore, compared to Rs.16,805.73 crore in the same period a year-ago .

Gross power generation for the July-September quarter increased 8 percent to 60.159 billion units, from 55.448 billion units in the corresponding period of previous fiscal.

On half-yearly basis, the unaudited total income was Rs.35,497.20 crore during April-September, as against Rs.36,136.63 crore reported for the corresponding period last year.

The unaudited net profit was up 18 percent at Rs.5,033.63 crore in the April-September period this fiscal, as compared to Rs.4,272.83 crore a year ago.

NTPC stock closed on Thursday at Rs.127.80 a share, 1.75 points, or 1.35 percent, lower than its previous close on the Bombay Stock Exchange.