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NTPC Limited reported a ₹ 2,438.60 crore net profit for the second quarter of financial year 2017-2018. This is 2.3 per cent lower than the ₹ 2,498.98 crore net profit reported by the company in the corresponding quarter of the previous financial year.
Total energy generation during the quarter was up 7.35 per cent at 65.04 billion units during the second quarter of the current financial year.
The fall in bottom line was despite a 1.8 per cent rise in total revenue to ₹ 19,960.35 crore during the quarter under consideration from ₹ 19,588.56 crore in the same quarter of the last financial year. Fuel costs too fell to ₹ 11,398.80 crore in the second quarter. This is 4.3 per cent lower from ₹ 11,912.97 crore fuel costs in the corresponding quarter of the last financial year.
The lower bottom line was on the back of higher finance costs and depreciation. Finance costs rose to ₹ 919.47 crore during the second quarter of the current financial year. This was higher by 3.3 per cent compared from the finance costs in the same quarter of the financial year 2016-2017.
Depreciation, amortisation and impairment expense rose to ₹ 1712.68 crore during the second quarter of the current financial year. This stood at ₹ 1434.15 crore during the same quarter of the last financial year.
There was also a 1.96 per cent increase in Plant Load Factor (PLF), compared to the corresponding quarter during the last fiscal. PLF of coal based power plants stood at 76.61 per cent for the quarter. PLF for gas based power plants rose by 2.02 per cent to 25.59 per cent during the quarter under consideration.
The PLF is a percentage of the actual power generation out of the total installed capacity.
There was a dip in hydropower generation that fell by 3.23 per cent over the PLF of the same quarter of the previous financial year to 89.35 per cent.
Domestic coal supplies increased to 39.77 million tonne in the quarter under consideration. This was up by 15.34 per cent compared to the 34.48 million tonne coal supplied in the same quarter of the last financial year.
Shares of the company closed 0.17 per cent higher at Rs 176.95 per cent in intraday trade on Monday at the Bombay Stock Exchange.
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