NTPC Q2 net falls 17 percent on change in tariff rules

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New Delhi, NTPC Friday reported almost a 17 percent drop in second quarter net profit at Rs.2,071.63 crore, compared to the Rs.2,492.90 crore in the same quarter of 2013-14, due to changes in tariff regulations.

The company’s total income from operations during the quarter ended September increased to Rs.16,736.63 crore from Rs.16,448.90 crore in the like period of the last fiscal.

NTPC’s other income in the quarter under review fell to Rs.530.69 crore, as against Rs.627.19 crore in the corresponding period of the last fiscal.

Fuel costs in the quarter went up to Rs.11,439.33 crore from Rs.10,139.25 crore during the same period of 2013-14. NTPC said the decline in standalone net profit is mainly on account of changes in tariff regulations.

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