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Stocks to buy: NTPC share price up 3% as Q1 net profit rises to ₹5,506 crore
NTPC share price: NTPC's income stood at ₹48,981.6 crore in the quarter which was up 12.8% from ₹43,390.02 crore in the corresponding period a year ago.
Shares of NTPC were up as much as 3% today (July 29) after the state-run power generation company posted financial results for the first quarter of fiscal year 2024-25. NTPC stock rose to ₹408.30 on the National Stock Exchange (NSE) NTPC reported a 12% increase in its consolidated net profit to ₹5,506 crore for Q1 FY25 while its net profit was ₹4,907.1 crore.
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NTPC is India's largest power generation company, with an installed capacity of 76 gigawatts (GW).
Total income stood at ₹48,981.6 crore in the quarter which was up 12.8% from ₹43,390.02 crore in the corresponding period a year ago.
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Expenses were reported at ₹41,844.1 crore compared to ₹36,963.6 crore a year ago and NTPC's consolidated power generation capacity jumped 114 billion units (BUs) in the quarter, compared to 104 BUs in Q1 FY24.
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On a standalone basis, the company reported a net profit of ₹4,511 crore, around 11% higher compared to ₹4,066 crore in the year-ago period.
