MUMBAI – State-owned power producer NTPC Ltd reported a 9.4% year-on-year (YoY) rise in net profit for the quarter ended June to Rs 4,066 crore. Revenue from operations, however, declined 2.3% YoY to Rs 39,122.25 crore.
Total expenses for the quarter was Rs 33,528.14 crore, compared to Rs 35,598.4 crore a year ago.
Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), grew by nearly 17% on year to Rs 11,369.40 crore. Operating margin expanded a sharp 471 basis points to 29.06%.
Fuel cost, which forms a lion’s share of the total expenses, declined 11% on year during the quarter to Rs 22,850.27 crore.
