NTPC Q1 net profit rises 15% to Rs 3,978 crore
NTPC has posted a more than 15 per cent increase in consolidated net profit to Rs 3,977.77 crore in the June quarter. The consolidated net profit of the company in the quarter ended on June 30, 2021 was at Rs 3,443.72 crore. NTPC is the country’s largest power utility with an installed capacity of 69,134.20 MW.
Its total income rose to Rs 43,560.72 crore in the first quarter of the current fiscal from Rs 30,390.60 crore in the same period of the last year. The expenses stood at Rs 38,399.33 crore in the latest June quarter compared to Rs 26,691.49 crore in the year-ago period. In the June quarter, NTPC’s gross power generation was at 86.88 billion units compared to 71.74 billion units in the same period a year ago.
Domestic coal supply for its plants in the latest quarter stood at 51.24 million tonnes, up from 45.81 million tonnes in the year-ago period. Its coal production (from captive mines) in the June quarter stood at 4.10 million tonnes, up from 2.46 million tonnes in the same period a year ago.
Coal imports of the firm rose to 4.33 million tonnes in the three months ended June from 0.47 million tonnes earlier.
HDFC Ltd. Net profit rises 22%
HDFC Ltd has reported 22.25 per cent year-on-year rise in its standalone net profit at Rs 3,669 crore for the quarter ended 30 June, 2022. The company had reported a net profit of Rs 3,001 crore in the year-ago period. Its revenue from operations increased 13.5 per cent to Rs 13,240 crore as against Rs 11,657 crore in the same quarter last fiscal. The interest income for the quarter increased to Rs 11,964 crore as against Rs 10,523 crore. Its assets under management stood at Rs 6,71,364 crore as against Rs 5,74,136 crore in the previous year. On consolidated basis, HDFC’s net profit increased marginally by 5 per cent to Rs 5,309 crore as compared with a profit of Rs 5,041 crore a year ago.
The net interest income (NII) for the quarter increased to Rs 4,447 crore as against Rs 4,125 crore in the previous year, and the net interest margin (NIM) came at 3.4 per cent. During the quarter individual loan disbursements grew by 66 per cent over the corresponding quarter of the previous year. Disbursements during the quarter marked the highest ever disbursements for the corporation in the first quarter of any financial year so far.
(Additional Input from PTI)