A K Jha powers NTPC’s quarterly profit by 40%

State-run NTPC on Thursday posted around 40 per cent increase in net profit at Rs 2,898.28 crore for the second quarter ended on September 30 on account of higher power generation.

“The company has posted a net profit of Rs 2898.28 crore for the quarter ended September 30, 2015 as compared to Rs 2071.63 crore for the quarter ended September 30, 2014,” NTPC Ltd said a BSE filing.

According to the statement, the total Income has increased to Rs 18,173.9 crore in the second quarter of 2015-16 fiscal, from Rs 17,267.32 crore the same period of 2014-15. 

NTPC further said that the revenue from power generation increased to Rs 17,950.28 crore, compared to Rs 16,805.73 crore in the year-ago period.

The gross power generation for the quarter under review grew to 60.159 billion units from 55.448 billion units in the corresponding period of previous fiscal, up 8 per cent.

On half-year basis, the unaudited total income was Rs 35,497.20 crore during April-September this fiscal as against Rs 36,136.63 crore reported for the corresponding period. The unaudited net profit was up 18 per cent at Rs 5,033.63 crore in April-September period this fiscal as compared to Rs 4,272.83 crore a year ago.

NTPC is the country s largest power generator with installed capacity of 45,548 mw. Meanwhile, NTPC’s Vindhyachal Super Thermal Power Station (VSTPS) will become country’s largest power generating plant on Friday with the commissioning of another 500 mw unit.

The unit of Vindhyachal Super Thermal Power Station (Stage V) will be declared on commercial operation from “00:00 HRS of October 30, 2015”, NTPC Ltd said in BSE filing. 

Overall, the total commercial capacity of VSTPS, NTPC and the NTPC Group will become 4,760 mw, 38,442 mw and 44,443 mw respectively. VSTPS will also become the largest operating power station in the India, the company said. The power plant is located in district Singrauli of Madhya Pradesh.