NTPC 3rd quarter Net Profit Jumps by 12.53% over 2nd quarter’s Net Profit
01st Feb, 2011
NTPC Limited, India’s largest power generating company having an installed capacity of 33194 MW has announced unaudited financial results for the 3rd quarter of Year 2010-11. The unaudited Profit after Tax has shown a marked improvement over 2nd Quarter PAT due to better operational efficiency and increased generation. The Company declared an unaudited PAT of Rs. 2,371.48 Crore for Q3 as compared to Rs. 2,107.38 Crore declared in Q2 in the current fiscal. The unaudited Q3 PAT of Rs. 2,371.48 Crore is also an improvement over unaudited PAT of Rs. 2,364.98 crore declared over the corresponding quarter in the previous year.
The unaudited total income 14,165.90 Crore for Q3 registered an increase of 18.43% over total income of Rs. 11,961.31 Crore reported for corresponding period in the previous year.
The Board of Directors have recommended an interim dividend @ 30% of paid up equity share capital being Rs. 3 per equity share for the year 2010-11 in their meeting held on January 31, 2011. The dividend will be paid on February 14, 2011.
NTPC is on its course to become a 75 GW company by the year 2017 primarily through its regulated tariff route by signing Power Purchase Agreement.
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