New Delhi, Oct 29
[dropcap color=”#008040″ boxed=”yes” boxed_radius=”8px” class=”” id=””]S[/dropcap]tate-run generator NTPC on Thursday posted a 40 percent increase in net profit at $444.18 Million for the second quarter ended September, on the back of higher power generation. “The company has posted a net profit of $444.18 Million for the quarter ended September 30, 2015 as compared to $317.49 million for the quarter ended September 30, 2014,” NTPC said in a stock exchange filing.
The company’s total income increased to $2785.27 Million in the quarter in question, from $2646.33 Million in the corresponding period of the last fiscal.
The nation’s largest generator’s revenues from power generation during the second quarter increased to $2751 Million compared to $2575.59 Million in the same period a year-ago.
Gross power generation for the July-September quarter increased 8 percent to 60.159 billion units, from 55.448 billion units in the corresponding period of previous fiscal.
On half-yearly basis, the unaudited total income was $5440.18 Million during April-September, as against $5538.18 Million reported for the corresponding period last year.
The unaudited net profit was up 18 percent at $771.44 Million in the April-September period this fiscal, as compared to $654.84 Million a year ago.
NTPC stock closed on Thursday at $1.96 a share, 1.75 points, or 1.35 percent, lower than its previous close on the Bombay Stock Exchange.
2. The conversion rate used in this article is 1 US Dollar = 65.25 Rupees
3. Text in Bold points to additional data on the topic.
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