NTPC Green Energy shares muted despite Net profit rises 58% to Rs 220 crore, revenue rises 18%
The renewable power-backed company has reported a consolidated net profit of Rs 220 crore in the first quarter of the current financial year, registering an increase of 58% from Rs 139 crore in the corresponding period of the last year.
NTPC Green Energy shares muted despite Net profit rises 58% to Rs 220 crore, revenue rises 18%
Shares of NTPC Green Energy Ltd fell by 1.13% despite the company posts strong quarterly financial results for June-end.
The renewable power-backed company has reported a consolidated net profit of Rs 220 crore in the first quarter of the current financial year, registering an increase of 58% from Rs 139 crore in the corresponding period of the last year.
The revenue from operations has surged by 18% to Rs 680 crore in the April-June period from Rs 578 crore in the previous year period.
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NTPC Green has registered a remarkable performance in the June-end quarter as its operating profit also known as earnings before interest, taxes, depreciation and amortisation (EBITDA), climbed 18% to Rs 604 crore compared with Rs 513 crore in the corresponding period of previous year. The total expenses of the company are increased by16% to Rs 493 crore.
Currently, the shares of the company are trading down by 1.44% at Rs 105.87 at BSE.
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