Sluggish demand of power from state utilities failed to make any dent on the operations of country’s largest power generating company NTPC, with the entity registering a 10.19% y-o-y increase in its net profit to Rs 2,861.28 crore in the third quarter of current fiscal.
The company’s total income during the period stood at Rs 19,554.07 crore, an increase of 18.22% over the figures reported last year, as per the unaudited Q3 financial results announced by NTPC on Tuesday. NTPC shares fell 0.58% to Rs 128.70 a share at close of market hours on BSE on Tuesday. For the nine-month period of FY13-14, the total income stood at Rs 52,972.26 crore and the profit after tax stood at Rs 7,881.20 crore.
Highest-ever interim dividend
As per a company statement, the board of directors have recommended highest-ever interim dividend of 40% of paid up equity share capital being Rs 4.00 per equity share for the FY13-14. The dividend will be paid on February 10, 2014. Central government, which holds 75% stake in the company will get nearly Rs 2,500 crore by the way of dividend.