NTPC Q2FY21 profit rises 7% to Rs 3,505 crore
State-owned NTPC reported a 7.4% year-on-year (y-o-y) increase in its standalone net profit to Rs 3,504.8 crore in the three months ended September mainly on lower tax expenses.
It paid Rs 509 crore in taxes during the quarter, about 54% lower than the same period last year. Lower taxes also offset the adverse impact of the Rs 560.4-crore rebate it offered to state-run power distribution companies under the direction of the Union power ministry due to the coronavirus crisis.
