NTPC profit jumps 11 per cent to Rs 3,315 crore
State-owned NTPC reported a 10.7% year-on-year (y-o-y) increase in its standalone net profit to Rs 3,315.3 crore in the three months ended December mainly on lower tax expenses.
It paid Rs 1,168.6 crore in taxes during the quarter, more than 42% lower than the same period last year. The company’s board has approved an interim dividend of Rs 3/share for FY21.
NTPC revenue increased 5.2% to Rs 25,268.6 crore in Q3 as the power company sold 60.7 billion units of electricity in the period, 7.8% higher than the corresponding period last fiscal. Overall coal consumption in the quarter increased marginally by 1.6% to 45.8 million tonne (MT), but the company’s coal imports fell by as much as 60% to 0.3 MT. Its newly-commissioned captive mines produced 2.6 MT of the fuel.
