NTPC Q3 net slips 7.5% to Rs 2.4k crore on higher fuel cost

NTPC Q3 net slips 7.5% to Rs 2.4k crore on higher fuel cost

State-run power giant NTPC on Wednesday registered a lower 7.5 per cent net profit at Rs 2,468.72 crore for the third quarter compared to a year ago due to higher fuel cost.

The company spent Rs 12,080.43 crore towards fuel in the quarter ended December 2016 as against Rs 10,580.28 crore in the same period in 2015.

However, the company’s revenue from power generation went up to Rs 19,555.62 crore, from Rs 17,523.56 crore in the previous financial year.

The company’s gross power, commercial generation and energy sent out read 61.4 billion units (BUs), 61.30 BUs and 57.28 BUs, respectively, for the quarter under review. In the December quarter of 2015, the corresponding figures were 60.78 BUs, 60.54 BUs and 56.60 BUs.
“The company has posted a net profit of Rs 2,468.72 crore for the quarter ended December 31, 2016, as compared to Rs 2,668.77 crore for the quarter ended December 31, 2015,” NTPC said in a BSE filing on Wednesday. Read more

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