State-run NTPC on Thursday posted an around 40 per cent increase in net profit at Rs. 2,898.28 crore for the fiscal second quarter that ended on September 30, 2015, on account of higher power generation.
“The company has posted a net profit of Rs. 2898.28 crore for the quarter ended September 30, 2015 as compared to Rs. 2071.63 crore for the quarter ended September 30, 2014,” NTPC Ltd said a filing to the BSE.
According to the statement, total income increased to Rs. 18,173.9 crore in the second quarter of the current fiscal year (2015-16), from Rs. 17,267.32 crore in the corresponding period of 2014-15.
NTPC further said that the revenue from power generation increased to Rs. 17,950.28 crore, compared to Rs. 16,805.73 crore in the year-ago period.
Gross power generation for the quarter under review grew to 60.159 billion units from 55.448 billion units in the corresponding period of previous fiscal year – an increase of 8 per cent.
On half-yearly basis, the unaudited total income was Rs. 35,497.20 crore during April-September this fiscal as against Rs. 36,136.63 crore reported for the corresponding period.
The unaudited net profit was up 18 per cent at Rs. 5,033.63 crore in April-September period this fiscal as compared to Rs. 4,272.83 crore a year ago.
NTPC is the country’s largest power generator with installed capacity of 45,548 MW.