NTPC Q2 net profit jumps 38% to Rs3,409 crore
11 November 2019
State-run power producer NTPC Ltd has reported Rs3,408.92 crore crore consolidated net profit for fiscal second quarter ended 30 September 2019 a 38 per cent increase from the net profit of Rs2,477.28 crore reported in the corresponding quarter of the previous financial year.
Consolidated net profit for the six-month period (April-September 2019-20) stood at Rs6,249.20 crore compared to Rs5,166.24 crore during the comparable perod of the previous fiscal.
Total revenue for the July-September 2019-20 quarter rose to Rs26,274.66 crore in the second quarter from Rs23,566.65 crore a year ago, the company said in a stock exchange filing.
Total revenue for the first half of this fiscal stood at Rs51,546.79 crore, up from Rs47,715.15 crore in the same period a year ago
The board of directors at its meeting on Saturday accorded approval for the amalgamation of its arms Nabinagar Power Generating Company Ltd and Kanti Bijlee Utpadan Nigam Ltd with NTPC Ltd.
The amalgamation is subject to necessary approvals, the company said.
The company's average tariff during the first half of this fiscal was Rs3.74 per unit. Gross power generation of the company dipped to 61.64 billion units (BU) in the second quarter from 65.98 BU a year ago. Similarly, the gross power generation also dropped to 130.14 BU from 153.20 BU a year ago.
The plant load factor (PLF) or capacity utilisation of coal-based power plants of the company also declined to 64.28 per cent in the second quarter from 72.63 per cent a year ago. The PLF of coal-based plants was also down in the first half of the previous fiscal to 69.04 per cent.
Domestic coal consumption of NTPC fell to 35.34 million tonnes in the second quarter from 39.60 million tonnes a year ago. Coal imports increased to 0.62 million tonnes in the second quarter from 0.11 million tonnes a year ago.