NTPC's Q2 net profit at Rs 2,445 cr down 2%

State-run power generator NTPC on Monday reported a marginal fall of 2.3 per cent in standalone net profit for the second quarter ending September at Rs 2,444.80 crore.

The company had posted a net profit of Rs 2,469.47 crore in the corresponding period last year, it said in a stock exchange filing.

Revenue for operations during the quarter in consideration rose 1.6 per cent to Rs 19,698.8 crore, compared with Rs 19,397.9 crore in the same quarter a year ago on the back of a 7.35 per cent increase in gross power generation.

There was a 1.89 per cent rise in total company revenue during the quarter in review to Rs 19,960 crore, over the Rs 19,589 crore in the same quarter of 2016-17.

 

NTPC's other income in the second quarter grew more than 37 per cent to Rs 261.6 crore, from Rs 190.6 crore earned in the same quarter last year.

The company's installed capacity at the group level during the quarter in review reached 51,708 MW, up 4,480 MW from the 47,228 MW in the previous quarter.

The NTPC stock closed on Monday at Rs 176.95 a share, up Re 0.30, or 0.17 per cent, on its previous close on the BSE.

--IANS

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