NTPC Green Energy January-March Net Profit Triples On Strong Revenue Growth

NTPC Green Energy Ltd. reported a sharp jump in its March quarter earnings, with consolidated net profit nearly tripling on year to ₹2.33 billion, driven by a strong rise in revenue and other income.

Revenue from operations during the quarter rose 22.5% on year to ₹6.22 billion, while other income almost tripled to ₹1.29 billion from ₹449.2 million a year ago. Sequentially, the company also saw over a threefold rise in profit and a 23.2% increase in revenue.

Total expenditure, including finance cost, rose marginally to ₹4.45 billion from ₹4.26 billion a year earlier. Finance cost was steady at ₹1.77 billion, compared with ₹1.81 billion in the year-ago period.

Tax expense for the quarter rose to ₹738.1 million from ₹462.7 million a year ago.
For the full year ended March, net profit jumped 38.7% on year to ₹4.75 billion, while revenue rose 12.6% to ₹22.1 billion.