NTPC March quarter net slips 4.8% to R2,944 crore

By: | Published: May 30, 2015 12:45 AM

State-owned thermal power producer NTPC on Friday announced a 4.8% decline in standalone net profit to Rs 2,944 crore.

State-owned thermal power producer NTPC on Friday announced a 4.8% decline in standalone net profit to Rs 2,944 crore for the January-March quarter compared to Rs 3,093 crore in the corresponding period a year ago.

Shares of the company closed up 1.86%, at Rs 137.15 apiece, on better than expected results.

Standalone total income for the country’s largest power developer fell 8.1% to Rs 19314.58 crore for the quarter ended March 31, 2015.

For the full year 2014-15, net profit fell 6.3% to Rs.10,290.86 crore even though total income rose 1.7% to Rs 73, 246.05 crore. The company, in its filing to the BSE, said it added 1,290 MW capacity in the last fiscal.

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