NTPC Q2 Results: Net profit up 7% YoY; board approves buyback

NEW DELHI: NTPC on Monday posted 7.43 per cent year-on-year (YoY) growth in net profit at Rs 3,504 crore for the quarter ended September 30 on account of exceptional gains of Rs 560.43 crore. Analysts in an ET Now poll had projected the figure at Rs 3,200 crore.

It had posted a profit of Rs 3,262.44 crore for the corresponding quarter last year.

In another update, NTPC said the board has approved buyback of up to 19.78 crore equity shares at a price of Rs 115. NTPC has fixed November 13 as the record date for the purpose of ascertaining the eligibility of shareholders for buyback of equity shares.


The power major announced its results post market hours. Earlier, the share price of the company settled 1.88 per cent higher at Rs 89.25. On the other hand, the benchmark BSE Sensex added 0.36 per cent to 39,757.

(More to come)