NTPC’s third quarter net profit at Rs.2,371.48 crore

January 31st, 2011 - 9:08 pm ICT by IANS  

New Delhi, Jan 31 (IANS) India’s largest power generating company NTPC Limited Monday reported a marginal increase in its net profit for the third quarter of the current fiscal year, which stood at Rs.2,371.48 crore.”The unaudited Q3 PAT (profit after tax) of Rs.2,371.48 crore is also an improvement over unaudited PAT of Rs.2,364.98 crore declared over the corresponding quarter in the previous year,” the company said in a statement.

The company reported an increase of 12.53 percent in its net profit of Rs.2,371.48 crore in the third quarter as compared to Rs. 2,107.38 crore which was declared in second quarter in the current fiscal.

“The unaudited PAT has shown a marked improvement over 2nd quarter PAT due to better operational efficiency and increased generation,” the statement further said.

Meanwhile, the company’s total income increased by 18.43 percent to Rs.14,165.90 crore in the third quarter as against Rs.11,961.31 crore reported in the corresponding period of fiscal 2009-10.

The company further said that it added an installed capacity of 33,194 MW in the third quarter of the current fiscal year.

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