NTPC jumps 9% after Q1 earnings; consolidated net profit declines 6% YoY
Shares of NTPC rallied around 9 per cent on the BSE on Monday after the company reported a 5.87 per cent year-on-year (YoY) decline in its consolidated net profit at Rs 2,948.94 crore for the first quarter of the fiscal year 2020-21 (Q1FY21).
The company’s revenue from operations slipped 2.57 per cent YoY to Rs 26,194.76 crore during the quarter under review.
At 01:27 PM, shares of the company were trading over 8 per cent higher at Rs 95.55 on the BSE. The stock hit a high of Rs 96.20 during the day against previous close of Rs 88.40. In comparison, the S&P BSE Sensex was trading 0.2 per cent higher at 37,952.04 levels.
