NTPC Q2’FY23 net profit dips over 7% to Rs 3,418 cr

NTPC reported over seven percent dip in its consolidated net profit at Rs 3,417.67 crore for the September quarter due to higher expenses

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NTPC Q2 net profit dips over 7% to Rs 3,418 cr

New Delhi: NTPC reported over a seven percent dip in its consolidated net profit at Rs 3,417.67 crore for the September quarter, mainly due to higher expenses on Saturday. The consolidated net profit of the company stood at Rs 3,690.95 crore in the quarter which ended on September 30, 2021, it said in a BSE filing.

Total income rose to Rs 44,681.50 crore in the quarter from Rs 33,095.67 crore in the previous year.

Total expenses jumped to Rs 40,000.99 crore in the second quarter of this fiscal from Rs 28,949.53 crore earlier.

The average power tariff of the company from April to September this year was at Rs 4.77 per unit as compared to Rs 3.86 per unit during the same period in 2021.

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The plant load factor (PLF or capacity utilisation) of coal-based thermal power plants climbed to 74.08 percent in the second quarter from 69.29 percent.

The imported coal supply rose to 5.58 MMT from 0.42 MMT in the same period a year ago. The domestic coal supply also increased to 48.72 MMT from 44.83 MMT. Coal production from captive mines stood at 4.32 MMT as against 2.79 MMT a year ago.

The total installed capacity of the NTPC Group (including JVs and subsidiaries) rose to 70,254 MW as on September 30.

Its gross power generation climbed to 85.48 billion units (BU) in the quarter from 77.42 BU in the same period a year ago.

(With PTI inputs)

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