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NTPC Q2 Net Profit Rises 14% To ₹5,320 Crore On Higher Generation
NTPC's standalone net profit rises 14.3% to ₹5,320 crore in the September quarter on higher power generation.
Key points
- Standalone net profit rose 14.3% year-on-year to ₹5,320 crore in the September quarter.
- Commercial generation increased 11.1% to 92.413 billion units during the quarter.
- Consolidated net profit jumped 40.7% to ₹7,351 crore, driven by a 73% rise in subsidiary profits.
Why it matters. Higher generation and improved operational efficiencies lifted NTPC's profit as deficient monsoon rainfall increased power demand.
In New Delhi, state-owned NTPC Ltd. reported a 14.3% rise in standalone net profit to ₹5,320 crore for the September quarter. Commercial generation rose 11.1% to 92.413 billion units, and plant load factor improved to 73.53% from 66.01% a year earlier. Consolidated net profit jumped 40.7% to ₹7,351 crore, driven by a 73% rise in subsidiary profits to ₹1,990 crore.
Latest updates
NTPC Q2 Net Profit Rises 14% To ₹5,320 Crore On Higher Generation
State-owned power producer NTPC Ltd. reported a 14.3% year-on-year rise in standalone net profit to ₹5,320 crore for the September quarter. The gain was aided by higher electricity generation and improved operational efficiencies. Demand for power increased after deficient monsoon rainfall. The company's commercial generation rose 11.1% year-on-year to 92.413 billion units (BU) during the quarter. The company also said it is eyeing green hydrogen projects.
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