Monday, 31 July 2017

NTPC Quarterly Result net up 12% to Rs 2,618 cr


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State-run NTPC has posted a 12 per cent rise in standalone profit after tax at Rs 2,618 crore for the quarter ended June 30, 2017, on the back of higher revenues. The company’s standalone profit after tax from continuing operations in the year-ago period was Rs 2,338.6 crore, NTPC said in a filing to BSE. NTPCs total revenue increased to Rs 20,541.9 crore, over Rs 19,220.8 crore in the corresponding quarter of the previous fiscal.

However, the company’s standalone total expenses increased to Rs 17,304.8 crore, over Rs 16,187 crore in the year-ago period. The company’s profit before tax during the April-June quarter increased to Rs 3,465 crore as against Rs 3,036.8 crore in the corresponding quarter of FY17. During the first quarter of FY18, NTPC Group generated 71.606 billion units (BU) of power as against 71.5 BU generated in the corresponding quarter of FY17, the statement added.

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