NTPC Q1 net profit up 13% at Rs 2,076 cr

Country's largest power generation company NTPC has reported nearly 13% rise in its first quarter FY12 net profit to Rs 2,076 crore against Rs 1841.9 crore in the year ago period.

Net sales went up 9.5% to Rs 14,171 crore from Rs 12,944.5 crore year-on-year. Numbers were slightly below expectations - CNBC-TV18 poll saw bottomline at Rs 2,104.08 crore and topline of Rs 14,310.63 crore. Expenditure was up 10% to Rs 119.46 crore from Rs 108.21 crore year-on-year. Fuel cost has gone up 12% in the June quarter to Rs 9,750 crore from Rs 8,700 crore in the year ago period. EBITDA increased 2% to Rs 2,866 crore versus Rs 2,806 crore while CNBC-TV18 expected at Rs 3,310 crore. Operating profit margin in the first quarter stood at 20.23% against 21.67% year-on-year. Other income jumped to Rs 644 crore from Rs 510 crore.