28 July 2018 NTPCs standalone (S/A) 1QFY19 adj. PAT increased ~16% YoY to INR29.5b. for INR4.9b under-recovery (u/r) of fixed charge (FC), ~INR1.1b in tax reversal for prior period and other minor adjustments. Reported PAT was down ~1% YoY to INR25.9b (est. INR25.3b) to FC under-recovery and a stronger base in other income. Other income was down 79% YoY to INR1.4b as the prior year quarter included non-recurring income tax refund income of ~INR3.7b. There was no commercial capacity addition in the quarter.