NTPC Green Energy Q3 results: NTPC Green Energy Limited announced its October to December quarter results on Saturday, January 25. The company recorded an 18 per cent year-on-year (YoY) rise in net profits for the third quarter at ₹65.61 crore, compared to ₹55.61 crore in the same quarter a year ago, as per the consolidated financial statements.
According to the exchange filing, the revenue from operations rose 13.2 per cent to ₹505.08 crore in the third quarter, compared to ₹446.14 crore in the same quarter the previous year.
According to the results data, the total expenses for the company rose 26 per cent to ₹482.22 crore, compared year-on-year with ₹383.28 crore in the same quarter the previous year.
Taking a closer look at the expenses, the renewable energy company's financing costs for the October to December quarter rose 19 per cent to ₹206 crore, compared to ₹173 crore in the previous financial year.
NTPC Green Energy's standalone net profits for the quarter surged 52 per cent to ₹89.42 crore, when compared year-on-year with ₹58.73 crore in the same quarter the previous year.
NTPC Green Energy was listed on the Indian stock market in the end of November 2024, when the company raised ₹10,000 crore from the stock market investors.
NTPC Green Energy Limited shares closed 0.84 per cent lower at ₹112.15 after Friday's trading session, compared to ₹113.10 at the previous market close.
Shares of the state-owned renewable energy firm hit their 52-week high at ₹155.30 on December 4, 2024, while the 52-week low level was at ₹109.40 on January 13, 2025. As of January 25, 2025, the market capitalisation of NTPC Green Energy stands at ₹94,501.29 crore.
The NTPC Green Energy shares are trading 11.41 per cent lower on a year-to-date (YTD) basis, and the company has given (9.44)% returns since its public listing in November 2024.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.