By Kosaku NariokaNTPC's first-quarter net profit rose 24% from a year earlier thanks to lower fuel costs. The Indian thermal-power company said Saturday that net profit rose to 48.73 billion rupees ($592.1 million) for the quarter ended June 30 from INR39.37 billion a year earlier. First-quarter revenue declined 0.2% from a year earlier to INR430.75 billion, while fuel costs fell 10% to INR240.45 billion. Profit from power generation increased 9.5% to INR84.19 billion. Write to Kosaku Narioka at kosaku.narioka@wsj.com(END) Dow Jones NewswiresJuly 30, 2023 22:45 ET (02:45 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal July 31, 2023 08:52 UTC