NTPC on Saturday posted an over 23 per cent rise in consolidated net profit at Rs 4,907.13 crore for the June quarter of 2023-24.

In the year-ago period, net profit was Rs 3,977.77 crore.

Total revenue from operations dipped slightly to Rs 43,390.02 crore from Rs 43,560.72 crore a year ago.

“The NTPC group generated 103.98 billion units in Q1 FY24 compared with 104.42 billion units in Q1 FY23,” it said.

UB profit falls

Beer maker United Breweries has reported a 16.09 per cent decline in consolidated net profit at Rs 136.34 crore for the first quarter ended June as volumes were impacted by supply challenges, lower inter-state sales and persisting inflation.

The company, controlled by Dutch multinational Heineken NV, had posted a net profit of Rs 162.50 crore in the April-June quarter a year ago.

IDFC First Bank

IDFC First Bank on Saturday said its net profit rose by 61 per cent year-on-year to Rs 765 crore in the April-June quarter this year, mainly driven by strong growth in core operating income.

The bank’s net profit a year ago was Rs 474 crore.