NTPC announces interim dividend, net profit rises to ₹3,315 crore in Q3

NTPC board approved an interim dividend of ₹3 per share for the financial year 2020-21. The date of payment/dispatch of dividend shall be February 26 2021, the company said.

The state-run company today announced a 10% increase in net profit to ₹3315 crore in the December quarter as compared to ₹2,995 crore in the same quarter of the previous year. Its revenue from operations rose to ₹24,509 crore in the quarter ended December 31, 2020, as compared to ₹23,496 crore in the same quarter of the previous year.

NTPC shares were trading 2% higher at ₹99.30 in later trade.

On a consolidated basis, NTPC’s net profit rose nearly 16%to ₹3,876.36 crore for the December quarter, mainly due to higher revenues. Its consolidated net profit was at ₹3,351.28 crore in the quarter ended on December 31, 2019, according to a BSE filing.