NTPC Q2 Results: The Company’s profit increased by 16%, and Revenue declined

Government power generator NTPC Ltd has released the results for the July-September quarter of the current financial year. There has been an increase in the profits of the company but there has been a decline in the income. The company has informed that its profit in the second quarter has increased to Rs 3,885 crore whereas a year ago in this quarter the company’s profit was Rs 3,331 crore. This increase in the company’s profit is 16.63 percent.

Talking about the company’s income, it has come down from Rs 41,015 crore to Rs 40,875.3 crore year on year. The company recorded an EBITDA of Rs 10,537 crore in the September quarter, compared to Rs 9,135 crore in the year-ago quarter. Talking about the company’s margin, it has increased from 23.1 percent to 25.8 percent year on year.

Installed Capacity 73,824 MW
NTPC Group’s total installed capacity stood at 73,824 MW in Q2FY23-24, compared to 70,254 MW in the same quarter of the previous financial year. On a standalone basis, NTPC recorded a total installed capacity of 57,838 MW in Q2FY22-23, up from 57,639 MW. A record electricity demand of about 240 GW was seen in India amid rising temperatures by September 1, 2023.

Before the results, on October 27, NTPC shares closed at Rs 237.1 on the NSE with a gain of about 2.35 percent. NTPC’s share price hit its 52-week high of ₹252 on Sep 29, 2023, and its 52-week low of ₹161 on December 26, 2022. As of the last traded price, the stock is down about 5.9 percent from its 52-week high.

For more similar posts follow: https://gramsmoney.com/