NTPC Q2 net profit up 40% at Rs 2,898 crore

New Delhi: State-run NTPC on Thursday posted around 40 percent 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 percent.

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 percent 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.