NTPC's September Quarter Net Profit Sees Year-On-Year Fall

State-owned National Thermal Power Corporation recorded a 8.3 per cent fall in its second quarter net profit on a standalone basis, as it stood at Rs 3,211 crore in the period ending September 30, 2021 of the current fiscal. The power major had recorded a net profit of Rs 3,504 crore in the second quarter of 2020-21.

However the company witnessed a rise in its total income during the second quarter of the current financial year on a standalone basis, which was Rs 29,273 crore.

The total income of the power company was Rs 26,023 crore during the corresponding period of last year.

NTPC's profit after tax on a standalone basis for the first half of the current fiscal too was up by 6.4 per cent as it stood at Rs 6,357 crore as against Rs 5,974 crore recorded in the first half of 2020-21.

Its gross power generation rose to 74.81 billion units (BU) in the quarter under review from 67.67 BU in the year-ago period.

The plant load factor (PLF) or capacity utilisation of the company's coal-based power plants rose to 69.58 per cent in the September quarter of 2021-22 from 64.27 per cent in the same period a year ago.

NTPC got 43.39 million metric tonnes of domestic coal supply in the quarter under review as against 38.21 million metric tonnes in the year-ago period.

The imported coal supply also rose to 0.42 million metric tonnes in the three months ended September from 0.15 million metric tonnes in the same period a year ago.

In the September quarter of current fiscal, NTPC produced 2.79 million metric tonnes of coal, which is higher than 0.77million metric tonnes recorded in the corresponding period of previous fiscal.