NPTC's Net ProFit increased by 1.2% at Rs. 253.0 Crores...

 

National Thermal Power Corporation (NTPC) has posted its results for the first quarter ended 30th June, 2013 and as per the same the net profit of the company was recorded at Rs. 2527.02 Crores which was higher by 1.2% compared to the level of Rs. 2498.67 Crores during the same period last year.

 

Also, the total income from operations dropped to Rs. 15,661.85 crore in the latest June quarter from Rs. 16,165.95 crore in the same period a year ago.

However, according the company officials, lower expenses helped the company to report a marginally higher quarterly net profit. In the 2013 June quarter, total expenses of the company fell to Rs.12,289.94 crore compared with Rs. 13,092.66 crore last year.

Meanwhile, the variation related to coal prices on gross calorific value (GCV) basis, worth about Rs. 3,523.18 crore at the end of June this year has been considered as “contingent liability”. From December 2011, the grading and pricing of non-coking coal was changed to GCV basis from earlier useful heat value (UHV) system.

Click below to view the real-time stock prices of NTPC.

 

 

---

Additional Reading...

http://www.hindustantimes.com/business-news/CorporateNews/NTPC-net-profit-crawls-up-1-to-Rs-2-527-crore/Article1-1100853.aspx

http://www.indiainfoline.com/Markets/News/NTPC-Q1-PAT-at-Rs25.30bn/5744185524

---