India's largest power generation company NTPC's profit declined 17.9 percent year-on-year to Rs 2,496 crore in July-September quarter despite strong operational performance.
Revenue during the quarter grew by 8.1 percent to Rs 19,398 crore while other income fell sharply 31.5 percent to Rs 190.6 crore compared with year-ago period.The company said gross generation for the quarter stood at 60.593 billion units, up 0.72 percent over a year-ago period but down 6.14 percent compared with previous quarter.
Plant loan factor (coal-based plants) dropped to 74.65 percent in September quarter, from 77.27 percent in same quarter last year and 81.35 percent in June quarter.
EBITDA (earnings before interest, tax, depreciation and amortisation) surged 31.1 percent to Rs 5,396 crore and margin expanded 487 basis points to 27.8 percent. Other expenses declined 10.4 percent year-on-year to Rs 1,240.9 crore and employee cost fell 5.66 percent to Rs 848.3 crore in Q2.
State-run power generationl company has paid tax of Rs 762 crore during the quarter against tax credit of Rs 726.5 crore in same period last fiscal.
