NTPC Net Profit Rises 17% To Rs 3,444 Crore In June Quarter
NTPC Q1 Result: Net profit rose nearly 17 per cent year-on-year
NTPC Limited announced its April-June quarter results for the financial year 2021-22 on Saturday, July 31, reporting a net profit of Rs 3,443.72 crore on a consolidated basis, compared to Rs 2,948.94 crore in the corresponding period last year. The country's largest power utility's net profit in the first quarter of the current fiscal rose 16.77 per cent year-on-year driven by growth in the company's revenues. The company's revenue from operations in the June quarter stood at Rs 29,888.02 crore, compared to Rs 26,194.76 crore in the same quarter last year, marking a growth of 14 per cent year-on-year.
Earlier known as National Thermal Power Corporation Limited, the state-run electrical utility company's total income in the June quarter stood at Rs 30,390.60 crore, compared to Rs 26,794.68 crore, registering a growth of 13.42 per cent year-on-year.
On Friday, July 30, shares of NTPC Limited settled 1.24 per cent higher at Rs 118.20 apiece on the BSE.