NTPC shares rise over 3%, hit new 52-week high post-Q1 results
Shares of state-owned power producer NTPC rose over 3% and hit a new 52-week high at Rs 216.6 in Monday’s trade on BSE after the firm reported a 9.4% year-on-year (YoY) rise in net profit for the quarter ended June to Rs 4,066 crore. Revenue from operations, however, declined 2.3% YoY to Rs 39,122.25 crore.
Operating profit, calculated as earnings before interest, taxes, depreciation, and amortization (EBITDA), grew by nearly 17% on the year to Rs 11,369.40 crore. Operating margin expanded a sharp 471 basis points to 29.06%.
