NTPC Q3 net profit marginally up at Rs 2,385 crore as higher costs weigh

The company posted a 16.1 percent rise in revenue from operations in the third quarter

State-run power giant NTPC posted a Rs 2,385.41-crore net profit in the December 2018 quarter, almost flat as compared to the year-ago period, mainly on account of higher fuel and borrowing costs.
 

The company's standalone net profit was Rs 2,360.81 crore in the corresponding period of the previous fiscal, a BSE filing said.
 

Its total income during the third quarter was Rs 24,308.01 crore, a rise of 15.27 per cent compared with Rs 21,087.84 crore a year ago.
 

During the nine months up to December 2018 also, the company's net profit was nearly flat at Rs 7,399.57 crore, compared with Rs 7,417.58 crore in the year-ago period.
 

During the April-December 2018, NTPC's total income was Rs 69,633.95 crore, an increase of 13.06 per cent as against Rs 61,590.12 crore in the year-ago period.
 

The company has reported a net profit of Rs 10,343.17 crore for 2017-18 with total income of Rs 85,207.95 crore