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    NTPC Q3 results: Net profit rises 16% to Rs 3,876 cr; firm declares dividend of Rs 3 per share

    Synopsis

    The power generator said its revenue from operations stood at Rs 27,526.03 crore, up 3.56 per cent from Rs 26,578.33 crore in the year-ago quarter.

    Agencies
    The Board of Directors also approved to pay an interim dividend at the rate of Rs 3 per share.

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    NEW DELHI: NTPC on Thursday reported a consolidated net profit of Rs 3,876.36 for the quarter ending December 31 as against Rs 3,351.28 crore for the same quarter last year, an increase of 15.66 per cent YoY.

    The power generator said its revenue from operations stood at Rs 27,526.03 crore, up 3.56 per cent from Rs 26,578.33 crore in the year-ago quarter.

    The Board of Directors also approved to pay an interim dividend at the rate of Rs 3 per share.

    The company said its other income also saw 34 per cent increase to Rs 861.24 crore. It also recognised an exceptional item cost of Rs 2.08 crore.

    The total expenses for the company were also higher at Rs 21,706.97 crore against Rs 20,600.58 crore in the same quarter last year. The cost appreciated because of finance costs and employee benefit expenses.

    Installed capacity of the Group rose by 4,819 MW YoY as on December 31 to 62,975 MW. Commercial capacity increased by 6,529 MW in the same period.

    Gross generation increased by 4.20 BUs in Q3, while NTPC mined 0.032 MMT more coal from its captive mines.

    Average tariff for the company for the first nine months of the current fiscal stood at Rs 3.87.



    Shares of NTPC rose 2.31 per cent to Rs 99.45 after the announcement of result.
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