N.L.C. Earned a Net Profit of Rs.352.88 Crore during Q1

Sarkaritel
By Sarkaritel September 13, 2016 09:55

N.L.C. Earned a Net Profit of Rs.352.88 Crore during Q1


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The Revenue from operations of the company for the 1st Quarter of      2016-17 stood at Rs.1, 880.37 Crore as compared to Rs.1,843.74 Crore in the same Quarter last year registering a positive growth of 1.99%.

However, the company’s Net Profit before Tax during the current Quarter stood at Rs.352.88 Crores as compared to Rs. 553.48 Crores in the same Quarter last year.

The Net Profit for the current quarter was impacted mainly due to surrender of power of 349.45 MU by Discoms during current Quarter as compared to 103.09 MU of the corresponding Quarter of the previous year and partly due to lesser power generation by TPS-II Expansion units  and  Barsingsar Thermal plant on account of slow stabilization.

Sarkaritel
By Sarkaritel September 13, 2016 09:55