NTPC Limited’s total income in Q2FY23 rose 35% to ₹ 44,682 crores. Consolidated Profit came at ₹ 3,418 crores showcasing a 7% fall YoY over the corresponding period.
In this quarter’s results, the reports suggested that the firm has observed a fall in profits due to 51% increase in Fuel Costs on YoY basis. This drastic increase in fuel costs has led to an overall increase in expenses which led to a fall in profits despite growing revenues.