By Ben Otto
NTPC Ltd.’s fiscal second-quarter web revenue fell 7.3% on yr as larger gasoline and finance prices offset a steep rise in income.
The New Delhi-based energy firm posted web revenue of 33.38 billion rupees ($405.6 million) within the quarter ended September, down from INR35.99 billion in the identical interval a yr earlier, it mentioned Saturday.
Income from operations rose 36% to INR441.75 billion from INR324.04 billion a yr earlier.
Complete bills within the quarter rose to INR400.01 billion from INR289.50 billion, amongst which gasoline prices rose 52% on yr to INR272.23 billion. Finance prices rose 39% on yr to INR30.68 billion.
The corporate additionally swung to web losses from joint ventures and incurred larger tax bills within the quarter.
Write to Ben Otto at ben.otto@wsj.com