NTPC Green Energy Q2 net profit jumps 59% to over Rs 137 crore PSU Watch
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NTPC Green Energy Q2 net profit jumps 59% to over Rs 137 crore

NTPC Green Energy on Friday posted a 59 percent year-on-year rise in consolidated net profit to Rs 137.50 crore in the September quarter

PSU Watch Bureau

New Delhi: NTPC Green Energy on Friday posted a 59 percent year-on-year rise in consolidated net profit to Rs 137.50 crore in the September quarter, on account of higher income.

It had clocked a net profit of Rs 86.38 crore in the second quarter of the preceding financial year, the renewable energy arm of NTPC said in an exchange filing.

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During July-September, its total income rose 52 percent to Rs 1,000.76 crore from Rs 656.72 crore in the same quarter a year ago.

In Q2 FY27, the company’s total expenses stood at Rs 876.03 crore as against Rs 551 crore in the year-ago period.

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Also read:NTPC power generation grows 13% to 118 bn units in Q2; coal dispatch up 28%

NGEL is an umbrella company for the green business initiatives of the state-owned power giant NTPC, India's largest power generation company catering to around the country's one-fourth power demand alone.

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