NTPC, the country's largest power producer, on Tuesday posted nearly 21 per cent drop in its net profit at Rs 2,492 crore for the quarter ended September 30.
The company had reported a net profit of Rs 3,142 crore in the corresponding quarter of the previous financial year, NTPC said in a regulatory filing to the stock exchanges.
Total Income of the company decreased to Rs 17,059.4 crore during the period as against Rs 17,170.9 crore in same quarter of the last financial year (2012-13).
The company spent Rs 10,139.25 crore as fuel cost during the second quarter of the current financial year as against Rs 9,932.66 crore in the same period last fiscal (2012-13).
NTPC has plans to double its investment target for the current financial year at Rs 21,000 crore. The company had spent about Rs 11,000 crore in 2011-12.
NTPC has an installed generation capacity of 41,684 MW.
Meanwhile, NTPC is likely to import about 14 million tonnes coal this financial year. This would be much higher than 12 million tonnes imported in 2011-12.
Shares of the company closed at Rs 145.90 apiece, up 1.21 per cent on the BSE.