You are here: Home » News-ANI » Business
Business Standard

NTPC Q2 profit up 34 pc at Rs 3,262 crore

Business Finance


India's largest power utility NTPC Ltd on Saturday posted a 34 per cent jump in profit after tax for the July to September quarter at Rs 3,262 crore.

The net profit in the corresponding quarter of the previous financial year stood at Rs 2,426 crore, the company said in a statement after a meeting of the board of directors.

Total income of the company during the quarter also rose 5.2 per cent to Rs 23,658 crore in Q2 FY20 as against Rs 22,486 crore registered in Q2 FY19.

Sales for the quarter ended September 30 also include Rs 12.39 crore on account of deferred tax materialised which is recoverable from beneficiaries.

NTPC generated 130.14 billion units of electricity with a plant load factor of its coal-based power plants at 69.04 per cent during April to September.

The total installed capacity of the government-owned maha-ratna company is 57,106 megawatt (including joint ventures) with 23 coal-based, seven gas-based, two hydro-based and one wind-based station.


(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Sat, November 09 2019. 17:39 IST