NTPC Q3 net profit up nearly 11% at Rs2,861 crore

NTPC Limited, India's largest power generating company, has reported a 10.9 per cent increase in its net profit for the third quarter of the current financial year, at Rs2,861.28 crore against a net profit of Rs2,596.76 crore during the comparable quarter of the previous financial year.

Excluding one-off items, on adjusted basis, the profit after tax (PAT) for the quarter increased by 20.41 per cent over the previous corresponding quarter, NTPC said in a filing with stock markets.

The unaudited profit after tax of the company for Q3 of financial year 2013-14 is Rs. 2,861.28 crore as compared to Rs. 2,596.76 crore of previous corresponding quarter, registering a growth of 10.19 per cent.

The unaudited total income of NTPC for the third quarter of the financial year 2013-14 stood at Rs19,554.07 crore, against Rs16,541.04 crore reported for the corresponding quarter of the previous year, a growth of 18.22 per cent.

For the nine-month period of financial year 2013-14, the unaudited total income of NTPC stood at Rs52,972.26 crore and the unaudited PAT at Rs7,881.20 crore.

The board of directors at its meeting on Monday, recommended the company's highest ever interim dividend of 40 per cent of the paid-up equity shares valued at Rs4.00 each for the financial year 2013-14. The dividend will be paid on 10 February 2014.

The interim dividend payout will involve nearly Rs3,300 crore, of which nearly Rs2,500 crore will be paid to the government as its share of the profit.

NTPC has an installed capacity of 42,454 MW.