India’s state-run energy producer NTPC Ltd. reported a 9.4% increase in first-quarter earnings because the utility was in a position to get well increased mounted costs from its energy distributing prospects.

Net earnings for the three months by means of June rose to 40.7 billion rupees ($495 million), the New Delhi-based firm stated in a submitting on Saturday. Revenue declined 2.3% to 391.22 billion rupees. Energy gross sales fell 2.7% within the quarter from a 12 months earlier.