Changes in Tariff Regulations, 2014 has led to a 17 per cent drop in net profit for public sector power generator NTPC Ltd during the second quarter of fiscal 2014-15. Net profit for the quarter was ₹ 2,071.63 crore as against ₹ 2,492.90 crore.
Net revenue for the second quarter increased 1.7 per cent to ₹ 16,736.63 crore as against ₹ 16,448.90 crore.
NTPC said in a statement that the fall in net profit was due to the changes in the Tariff Regulations, 2014.
The company’s gross generation in the second quarter increased around 2 per cent to 55.421 billion units as against 54.519 billion units in the same quarter last year.
At 2.16 pm on Friday, NTPC’s shares were trading 0.58 per cent higher on the BSE at ₹148.