State-owned power giant NTPC today reported a decline of 2.3 per cent in its standalone net profit at Rs 2,438.60 crore for quarter ended September due to higher borrowing and depreciation cost.
The company's net profit was Rs 2,496.98 crore in the quarter ended on September 30, 2016, NTPC Ltd said in a BSE filing today.
According to the statement, the total income of the company rose to Rs 19,960.35 crore in second quarter compared to Rs 19,588.56 crore a year ago.
The depreciation costs rose to Rs 1,712.68 crore in the second quarter from Rs 1,434.15 crore a year ago. Similarly the finance cost increased to Rs 919.47 crore in the quarter from Rs 889.83 crore a year ago.
Its net profit in April-September period stood at Rs 5,056.77 crore compared to Rs 4,836.60 crore in the same period of the last fiscal.
Total income of the company in the first half of this fiscal was Rs 40,502.28 crore compared to Rs 38,809.36 crore a year ago.
The company said that average tariff ...
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