NTPC Green Energy Q3 Net Profit Plunges 74% to Rs 17.32 Cr Amid Soaring Expenses

• NTPC Green Energy Ltd (NGEL) reported a 74% decline in consolidated net profit for the December quarter.
• Net profit fell to Rs 17.32 crore, down from Rs 65.61 crore in the same period last year.
• The significant dip in profit is primarily attributed to a surge in the company's expenses.
• Total income for NGEL, however, increased to Rs 684.22 crore from Rs 581.46 crore year-on-year.
• Expenses for the third quarter of FY25 rose sharply to Rs 615.60 crore from Rs 481.22 crore.

Why It Matters: NGEL's Q3 net profit dropped sharply due to increased expenses, despite a rise in total income.