State-owned power giant NTPC on Monday reported a decline of 2.3 per cent in its stand-alone net profit at Rs 2,438.60 crore for quarter ended September due to higher borrowing and depreciation cost. The firm’s net profit was Rs 2,496.98 crore in the quarter ended on September 30, 2016, NTPC said on Monday.
According to the statement, the total income of the firm rose to Rs 19,960.35 crore in second quarter compared to Rs 19,588.56 crore a year ago.