NTPC Consolidated Pre-tax Profit Dips 6% To Rs 3,443 Crore In June Quarter

Business Standard

The firm's total income during April-June came down to Rs 26,794.68 crore, compared to Rs 27,353.36 crore in the year-ago period

Topics

NTPC | Q1 results | pre-tax profit

NTPC, NTPC Limited

The firm’s total expenses were at Rs 22,649.04 crore, against Rs 23,814.32 crore a year ago

on Friday reported a 6.7 per cent year-on-year (YoY) fall in its consolidated to Rs 3,442.9 crore in the June quarter.

Its net profit fell 6 per cent to Rs 2,948.94 crore, as compared to Rs 3,132.73 crore in the corresponding quarter of the previous year, according to a BSE filing.

The firm’s total income during April-June came down to Rs 26,794.68 crore, compared to Rs 27,353.36 crore in the year-ago period. The firm’s total expenses were at Rs 22,649.04 crore, against Rs 23,814.32 crore a year ago.

First Published: Fri, August 14 2020. 22:40 IST

RECENT NEWS

BoE Loosens Capital Rules

The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more

Monzo Looks For US Banking License

Monzo is preparing a renewed push to secure a US banking licence, four years after abandoning its first attempt when tal... Read more

Crypto Firms Push Into US Banking

America’s cryptocurrency companies are scrambling to secure a foothold in the country’s traditional banking system, ... Read more

Parallel Banking: Stablecoins Are Now Global

Parallel Banking: How Stablecoins Are Building a New Global Payments SystemStablecoins—digital currencies pegged to tr... Read more

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more