- NTPC Green Energy's Q1 net profit rose 38.2% to Rs 305 crore year-on-year
- Revenue from operations increased 62.7% to Rs 1,109 crore in the quarter
- EBITDA grew 63.8% to Rs 989 crore compared to the previous year
NTPC Green Energy Ltd. reported a strong set of earnings for the quarter ended June, with consolidated net profit rising 38.2% year-on-year, supported by robust revenue growth and higher operating income.
The company's consolidated net profit stood at Rs 305 crore in the first quarter, compared with Rs 221 crore in the corresponding period last year, according to the company's earnings filing.
Revenue from operations climbed 62.7% to Rs 1,109 crore, crossing the Rs 1,100-crore mark for the first time, from Rs 680 crore a year earlier, the filing showed.
Operating performance also improved during the quarter. The earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 63.8% year-on-year to Rs 989 crore, compared with Rs 604 crore in the year-ago period, while the EBITDA margin expanded to 89.3% from 88.7%, reflecting sustained operational efficiency, according to the company.
(This is a developing story)
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