NTPC shares down nearly 2 percent

Psu Connect Date: 23-08-16

New Delhi. Shares of state-owned NTPC today fell nearly 2 per cent after the companys first quarter earnings failed to impress investors.

The scrip ended the day with a loss of 1.92 per cent at Rs 163.55 on BSE. During the day, it fell by 2.57 per cent to Rs 162.45.

At NSE, shares of the company slipped 1.85 per cent to settle at Rs 163.65. NTPC today reported 4 per cent rise in standalone net profit to Rs 2,369.53 crore for the first quarter due to increased power generation and better utilisation of coal-based plants.

The companys standalone net profit in the quarter ended June 30, 2015, was Rs 2,276.50 crore, NTPC said in a BSE filing today.

The gross sales of the company in the first quarter was up 11.34 per cent at Rs 18,939.81 crore compared with Rs 17,010.35 crore in the year ago period.

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