NTPC Q1 Results: Net profit rose nearly 17 per cent year-on-year NTPC Q1 FY22 Results: The country's largest power utility reported a 17 per cent rise in net profit to Rs 3443.72 crore on a consolidated basis for the April-June quarter in the financial year 2021-22, compared to Rs 2,948.94 crore in the year-ago period.
NTPC Limited announced its April-June quarter results for the financial year 2021-22 on Saturday, July 31, and the comppany's net profit in the first quarter of the current fiscal rose 16.77 per cent year-on-year driven by growth in the company's revenues.The company's revenue from operations in the June quarter stood at Rs29,888.02 crore, compared to Rs26,194.76 crore in the same quarter last year, marking a growth of 14 per cent year-on-year.Earlier known as National Thermal Power Corporation Limited, the state-run electrical utility company's total income in the June quarter stood at Rs 30,390.60 crore, compared to Rs26,794.68 crore, registering a growth of 13.42 per cent year-on-year.NTPC's gross power generation in the June quarter stood at71.74 billion units, compared to 60.18 billion units in the year-ago period.The company's domestic coal supply (for its plants) in the June quarter wasat 45.81 million tonnes, up from 40.19 million tonnes in the corresponding quarter last year.NTPC's board of directors approved a fundraising proposal of up to Rs 18,000 crore through private placement in the domestic market, according to a regulatory filing by the company to the stock exchanges today.Recently,NTPC Renewable Energy Limited - the company's green energy subsidiary invited bids to establish the country's first 'green' hydrogen fuelling station in Leh, for whichthe sale of bid documentsbegantoday -July 31.NTPC's plant load factoror the capacity utilisation of coal-based power plants also grew69.68 per cent in the June quarter, up from 68.22 per cent in the correspondingperiod last year.The average power tariff of the company was Rs 3.73 per unit in the April-June quarter,compared to Rs 3.98 per unit in the year-ago period.On Friday, July 30, shares of NTPC Limited settled 1.24 per cent higher at Rs 118.20 apiece on the BSE.