NTPC net falls 2.3% on higher bor­row­ing

Business Standard - - COMPANIES -

State-owned power gi­ant NTPC on Mon­day re­ported a de­cline of 2.3 per cent in its stand-alone net profit at ~2,438.60 crore for quar­ter ended Septem­ber due to higher bor­row­ing and de­pre­ci­a­tion cost. The firm’s net profit was ~2,496.98 crore in the quar­ter ended on Septem­ber 30, 2016, NTPC said on Mon­day.

Ac­cord­ing to the state­ment, the to­tal in­come of the firm rose to ~19,960.35 crore in sec­ond quar­ter com­pared to ~19,588.56 crore a year ago.

The de­pre­ci­a­tion costs rose to ~1,712.68 crore in the sec­ond quar­ter from ~1,434.15 crore a year ago. Sim­i­larly the fi­nance cost in­creased to ~919.47 crore in the quar­ter from ~889.83 crore a year ago. Its net profit in April-Septem­ber pe­riod stood at ~5,056.77 crore com­pared to ~4,836.60 crore in the same pe­riod of the last fi­nan­cial year. To­tal in­come in the first half of FY18 was ~40,502.28 crore, against ~38,809.36 crore a year ago. The firm said that av­er­age tar­iff dur­ing the first half of this fi­nan­cial year was ~3.21 per unit. The gross power gen­er­a­tion of the firm was up at 129.45 bil­lion units (BUs) in AprilSeptem­ber this fi­nan­cial year com­pared to 125.14 BUs a year ago. Its gross elec­tric­ity gen­er­a­tion also rose to 64.04 BUs in the quar­ter ended Septem­ber com­pared with 60.59 BUs in the year ago pe­riod.

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