Home Business NTPC Net Profit Rises 17% To Rs 3,444 Crore In April-June Quarter

NTPC Net Profit Rises 17% To Rs 3,444 Crore In April-June Quarter


NTPC Net Profit Rises 17% To Rs 3,444 Crore In June Quarter

NTPC Q1 Result: Net profit rose nearly 17 per cent year-on-year

NTPC Limited announced its April-June quarter results for the financial year 2021-22 on Saturday, July 31, reporting a net profit of Rs 3,443.72 crore on a consolidated basis, compared to Rs 2,948.94 crore in the corresponding period last year. The country’s largest power utility’s net profit in the first quarter of the current fiscal rose 16.77 per cent year-on-year driven by growth in the company’s revenues. 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 per cent year-on-year.

Earlier known as National Thermal Power Corporation Limited, the state-run electrical utility company’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 per cent year-on-year. 

NTPC’s board of directors approved a fundraising proposal of up to Rs 18,000 crore through private placement in the domestic market, according to a regulatory filing by the company to the stock exchanges today. 

Subject to the approval of the shareholders, the company’s board approved the issue of secured/ unsecured, taxable/tax-free, cumulative/non-cumulative, redeemable, non-convertible debentures (bonds/NCDs) up to Rs.18,000 crore in one or more tranches or series not exceeding 30, through private placement in the domestic market, according to its statement. 

On Friday, July 30, shares of NTPC Limited settled 1.24 per cent higher at Rs 118.20 apiece on the BSE.

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