The state-run power giant NTPC announced on Saturday that its consolidated net profit for the September quarter fell by more than 7% to Rs 3,417.67 crore, primarily as a result of higher expenses.
According to a BSE report, the company’s combined net profit for the three months ended September 30, 2021, was Rs 3,690.95 crore.
From Rs 33,095.67 crore in the same quarter last year, the total income increased to Rs 44,681.50 crore this quarter.
In the second quarter of this fiscal year, total expenses increased to Rs 40,000.99 crore from Rs 28,949.53 crore earlier.
In comparison to Rs 3.86 per unit during the same period in 2021, the company’s average power tariff from April to September of this year was Rs 4.77.
The capacity utilisation of coal-based thermal power plants increased from 69.29 percent to 74.08 percent in the second quarter.
The amount of imported coal increased to 5.58 MMT from 0.42 MMT during the same time period last year.
Additionally, the domestic coal supply rose from 44.83 MMT to 48.72 MMT.
Production of coal from captive mines increased from 2.79 MMT to 4.32 MMT in just one year.
As of September 30, 2022, the NTPC Group’s total installed capacity—including JVs and subsidiaries—rose to 70,254 MW.
In the quarter, its gross electricity generation increased to 85.48 billion units (BU), up from 77.42 BU at the same time last year.
