Companies

NTPC Q3 net almost flat at ₹2,385.41 crore

Our Bureau New Delhi | Updated on January 30, 2019 Published on January 30, 2019

Declares interim dividend, bonus shares

NTPC Limited has reported a ₹2,385.41-crore net profit for the third quarter of financial year 2018-19. This is 1.04 per cent higher than the ₹2,360.81-crore profit reported by the company in the same quarter last fiscal.

The board has decided to pay an interim dividend at the rate of 35.8 per cent on the face value of paid-up equity shares of ₹10 each for this fiscal. The date of payment or dispatch of dividend shall be February 14, 2019.

The board also recommended the issue of bonus shares in the ratio of 1:5 or 1 new equity bonus share of ₹10 each for every five existing equity share of ₹10 each fully paid up.

NTPC reported a 77.7 per cent plant load factor (a measure of the total utilised capacity of the power plant) for its coal-based power plants during the quarter under review. This was driven by a coal supply of 45.44 million tonnes (mt) reported at the end of December 2018. Coal imports by NTPC stood at 0.19 mt in the quarter ending December 2018, nearly three times the 0.06 mt coal imported in the quarter ending December 2017.

Total income during the quarter stood at ₹24,308.01 crore (₹21,087.84 crore).

A company statement said, “NTPC has posted highest quarterly generation of 70.057 billion units during the third quarter of financial year 2018-19, surpassing previous highest quarterly generation of 69.212 billion units reported during the first quarter of the current financial year.”

Shares of the company closed 0.18 per cent higher at ₹138.80 on the BSE during intra-day trade.

Published on January 30, 2019
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