Standard Post with Image

NTPC Q3 Profit Drops 10.2%

  • India`s largest power generation company National Thermal Power Corporation (NTPC) has posted a net profit of Rs 21.30 billion for the quarter ended December 31, 2011 as compared to Rs 23.72 billion for the quarter ended December 31, 2010, representing decrease of 10.17%.Total income increased from Rs 135.12 billion for the quarter ended December 31, 2010 to Rs 153.84 billion for the quarter ended December 31, 2011, representing an increase of 16.86%.During the quarter, the operating profit margin declined to 13.69% from 22.29% for the same period last year.

  • The company has decided to pay interim dividend at the rate of 35% (Rs 3.50 a share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2011-12.Shares of the company declined Rs 0.95, or 0.54%, to settle at Rs 173.75. The total volume of shares traded was 243,891 at the BSE (Friday).

Source