NTPC, the country’s largest power generating company, may report a 2-3 percent increase in net profit in the second quarter from a year earlier, according to analyst estimates. Revenue growth estimates range from 5 to 15 percent.
The state-owned company is scheduled to declare its results for the quarter ended September 30 on October 28.
Demand for coal, which fires most of NTPC’s power stations, has increased globally, sending prices skyrocketing. Even domestic supplies had tightened recently, with coal stocks at many power plants in India falling below the minimum threshold.
NTPC is largely dependent on coal for power generation. The company has an installed power generation capacity of 66,900 MW. It operates 24 plants with a coal-based installed capacity of 47,460 MW.