State-run power giant NTPC Saturday posted a 48.7 per cent jump in its standalone net profit at Rs 4,350.32 crore for the March quarter compared to the year-ago period mainly on the back of lower expenses.
The company’s standalone net profit in January-March 2018 was Rs 2,925.59 crore, an NTPC statement said.
The company’s total income slipped to Rs 22,545.61 crore in the March quarter from 23,617.83 crore year ago. Expenses also decline to Rs 19,008.44 crore in the quarter from Rs 20,229.26 crore.
For 2018-19, standalone net profit rose by 13.60 per cent to Rs 11,749.89 crore compared to Rs 10,343.17 crore in the previous year. Total income was Rs 92,179.56 crore in 2018-19, up from Rs 85,207.95 crore during the previous year.
