NTPC net profit down 2.3 pc at Rs 2,438 cr in July-Sept qtr

Source: The Hitavada      Date: 14 Nov 2017 11:24:17







Nov 13,


STATE-owned power giant NTPC on Monday reported a decline of 2.3 per cent in its standalone net profit at Rs 2,438.60 crore for quarter ended September due to higher borrowing and depreciation cost. The company’s net profit was Rs 2,496.98 crore in the quarter ended on September 30, 2016, NTPC Ltd said in a BSE filing on Monday.

According to the statement, the total income of the company
rose to Rs 19,960.35 crore in second quarter compared to Rs 19,588.56 crore a year ago.The depreciation costs rose to Rs 1,712.68 crore in the second quarter from Rs 1,434.15 crore a year ago. Similarly the finance cost increased to Rs 919.47 crore in the quarter from Rs 889.83 crore a year ago. Its net profit in April-September period stood at Rs 5,056.77 crore.