NTPC Q3 profit soars 22% to Rs. 2,597 crore

India’s largest power producer, the state-run NTPC Ltd, today posted a 22% year-on-year rise in net profit to Rs. 2,596.8 crore in the third quarter ended Dec from Rs. 2,130.4 crore in the corresponding period a year ago. HT reports.

India’s largest power producer, the state-run NTPC Ltd, on Monday posted a 22% year-on-year rise in net profit to Rs. 2,596.8 crore in the third quarter ended December from Rs. 2,130.4 crore in the corresponding period a year ago.

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In a news release, the company said its total income in the third quarter of current fiscal year rose to Rs. 16,529.6 crore from Rs. 16,244.4 crore in the three months ended December, 2011.

The company’s total income for the nine-months of financial year 2012-13 reported a nearly 6% jump and stood at Rs. 50,542.3 crore as against Rs. 47,799.2 crore reported for the corresponding period in the previous year.

The net profit o for nine-months of 2012-13 recorded a 24% jump at Rs. 8,237.8 crore as compared to Rs. 6,630.3 crore declared during the previous year.

Currently, NTPC has a generation capacity of 39,674 MW and the same is expected to go up to 1,28,000 MW by 2032.

Shares of the company were closed 1.5% down at Rs. 162.8 on the Bombay Stock Exchange on Monday.