NTPC net falls 2.3% on higher borrowing
.jpg)
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.
The depreciation costs rose to Rs 1,712.68 crore in the second quarter from Rs 1,434.15 crore a year ago. Similarly the finance cost increased to Rs 919.47 crore in the quarter from Rs 889.83 crore a year ago. Its net profit in April-September period stood at Rs 5,056.77 crore compared to Rs 4,836.60 crore in the same period of the last financial year.
Total income in the first half of FY18 was Rs 40,502.28 crore, against Rs 38,809.36 crore a year ago. The firm said that average tariff during the first half of this financial year was Rs 3.21 per unit. The gross power generation of the firm was up at 129.45 billion units (BUs) in April-September this financial year compared to 125.14 BUs a year ago. Its gross electricity generation also rose to 64.04 BUs in the quarter ended September compared with 60.59 BUs in the year ago period.
Other Latest News
.webp)
Tesla CEO Elon Musk deferring his India visit this week has had no effect on buzz that his company will eventually have a base for electric vehicles (EV) in the country.
Analysts say Musk deferred his visit to meet Prime Minister Narendra Modi due to Lok Sabha elections when the government attention is focused on campaigning and it cannot announce major policy.
.webp)
Bajaj Finserv Ltd (BFL) on Friday reported a 20 per cent increase in consolidated net profit to Rs 2,119 crore for the March quarter.
The company had posted a net profit of Rs 1,769 crore in the year-ago period.
.webp)
Prime Minister Narendra Modi on Thursday claimed that former premier Rajiv Gandhi abolished the inheritance tax in 1985 after the death of his mother Indira Gandhi to save her wealth from going to the government, continuing his attack on the Congress on the wealth redistribution issue.
Addressing an election rally in Madhya Pradesh's Morena city, Modi alleged that Congress wanted to bring back the inheritance tax or estate duty, a levy imposed on inherited movable and immovable assets.
.webp)
Shares of Housing & Urban Development Corporation (HUDCO) hit a record high of Rs 234.30, zooming 15 per cent on the National Stock Exchange (NSE) in Friday's intra-day trade amid heavy volumes on expectations of good growth going forward. Last week, the Department of Public Enterprises (OPE) granted the Navratna Status to HUDCO.
The stock of the state-owned financial institution surpassed its previous high of Rs 226.95 touched on February 2, 2024. It has bounced back 43 per cent from the low of Rs 163.80 hit on March 13.
.webp)
Shares of GMR Airports Infrastructure shot up 8.2 per cent at Rs 92.34 a piece on Friday’s intraday trade. A combined 3.07 million shares of the company changed hands on the BSE. In comparison the S&B BSE Sensex fell by 0.31 per cent 74,109 levels.
The stock of GMR Airports reached a 52-week high of Rs 94.30 on February 20, 2024, while it hit a 52-week low at Rs 40 on May 29, 2023.
.webp)
.webp)
.webp)
.webp)
.webp)
