NTPC profit falls 8% to Rs 3,212 crore

State-owned NTPC reported an 8.4% year-on-year (y-o-y) decrease in its standalone net profit to Rs 3,211.9 crore in the three months ended September, mainly on higher expenses.

NTPC revenue increased 12.5% to Rs 29,273 crore in Q2 as the power company sold 69.3 billion units of electricity in the period, 10.2% higher than the corresponding period last fiscal. However, expenses grew by a sharper 17.2% to Rs 25,542.5 crore, mainly on the back of fuel costs rising 27.7% to Rs 16,644.4 crore.