New Delhi: Shares of NTPC 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.
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.
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.
Also read: Foxconn to set up mobile component facility in Tamil Nadu investing Rs 1,600 crore
State-owned power giant NTPC Saturday posted over 23 per cent rise in consolidated net profit at Rs 4,907.13 crore in June quarter of the current fiscal.
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.
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.
PTI
