Advertisment

NTPC shares climb 4%; mcap jumps by Rs 8,194.67 crore after Q1 earnings

author-image
NewsDrum Desk
New Update
NTPC Power Plant

Representative image

New Delhi: Shares of NTPC on Monday climbed 4 per cent, adding Rs 8,194.67 crore to its market valuation, after the company posted over 23 per cent rise in consolidated net profit in the April-June quarter of 2023-24.

Advertisment

The stock jumped 4.02 per cent to settle at Rs 218.45 on the BSE. During the day, it rallied 4.23 per cent to hit its 52-week high of Rs 218.90.

At the NSE, shares of the company climbed 3.61 per cent to end at Rs 217.60.

It emerged as the biggest gainer on both the Sensex and Nifty.

Advertisment

The company's market valuation jumped Rs 8,194.67 crore to Rs 2,11,823.67 crore.

In traded volume terms, 18.45 lakh shares of the company traded on the BSE and over 4.34 crore shares on the NSE during the day.

State-owned power giant NTPC on Saturday posted over 23 per cent rise in consolidated net profit at Rs 4,907.13 crore in June quarter of the current fiscal.

Advertisment

In the year-ago period, net profit was Rs 3,977.77 crore, NTPC said in a BSE filing.

Total revenue from operations dipped slightly to Rs 43,390.02 crore from Rs 43,560.72 crore in the same period a year ago.

On a standalone basis, total income of NTPC in Q1 FY24 was Rs 39,681 crore as against Rs 40,726 crore earlier.

Advertisment

Profit After Tax (PAT) on standalone basis was Rs 4,066 crore as against Rs 3,717 crore in Q1 FY23, registering an increase of 9.39 per cent, it stated.

Advertisment
Advertisment
Subscribe