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NTPC Q1 FY22 results: Net profit rises 17% to Rs 3,444 Crore

India's largest power producer NTPC has registered a rise of 16.77 percent to Rs 3,443.72 crore on a consolidated basis in Q1 FY22 results
NTPC Q1 FY22 results: Net profit rises 17% to Rs 3,444 Crore
NTPC Q1 FY22 results: Net profit rises 17% to Rs 3,444 Crore

New Delhi: (NTPC Q1 FY22 result news) State-owned power utility NTPC on Saturday announced financial results for Q1'FY22. The company registered a rise of 16.77 percent in net profit to Rs 3443.72 crore on a consolidated basis compared to Rs 2,948.94 crore in the CPLY. Also, 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 percent year-on-year.

It is important to note here that the average power tariff of the company was Rs 3.73 per unit in the April-June quarter, compared to Rs 3.98 per unit in the year-ago period.

NTPC'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 percent year-on-year. The gross power generation also rose in the June quarter to 71.74 billion units, compared to 60.18 billion units in the year-ago period. The company's domestic coal supply (for its plants) in the June quarter was at 45.81 million tonnes, up from 40.19 million tonnes in the corresponding quarter last year.

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The company's plant load factor or the capacity utilisation of coal-based power plants also grew to 69.68 percent in the June quarter, up from 68.22 percent in the corresponding period last year.

On Friday only the company had invited bids to establish the country's first 'green' hydrogen fuelling station in Leh, for which the sale of bid documents began today - July 31.

NTPC's board of directors approved a fundraising proposal of up to Rs 18,000 crore through private placement in the domestic market. The company gave this information in a regulatory filing to the stock exchanges on Saturday.

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