Comments
PSU energy firm NTPC Ltd has reported a ₹2,426.02-crore profit for Q2 FY19, 0.5 per cent lower than the ₹2,438.60 crore seen in Q2 FY18. The slide was despite a 12.65 per cent rise in total income to ₹22,485.96 crore (₹19,960.35 crore).
“The net profit has been lower as the company had received some tax refund in the corresponding quarter of last financial year,” an NTPC official told BusinessLine .
The company reported a 1.46 per cent YoY increase in gross electricity generation to 65.987 billion units. But sequentially, there was a 4.66 per cent dip in gross electricity generation due to coal supply constraints. During the quarter ended June 2018, it had reported gross generation at 69.212 billion units.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.