PSU IN MEDIA
NTPC Q3 net profit falls 7 point 5 percent to Rs2469 crore
New Delhi: State-owned power producer NTPC Ltd on Wednesday reported a 7.5% fall in net profit in the December quarter to Rs2,469 crore from the same period a year ago on account of higher fuel and finance costs and tax liability relating to previous accounting periods.
NTPC informed stock exchanges that total income rose 11% to Rs19,396 crore on improved gross power generation and higher capacity utilisation of plants, in spite of adding more generation capacity. The company declared an interim dividend of Rs2.61 per equity share for the current fiscal.
NTPC’s profit from ordinary activities before finance costs and exceptional items rose 9.4% to Rs4,016 crores. The company reported a tax liability of Rs613 crore for the quarter, up from Rs121.3 crore for the same period a year ago. Fuel cost went up 14% in the quarter from a year ago, while finance cost rose 7.9%. MINT
Read Also : ERES-XXXIX incorporated as wholly subsidiary of REC Power Development& consultancy Limited
News Must Read
- Shri. Bikram Ghosh takes charge as Director (Finance) in WCL
- SBI to change debit cards maintenance normal from 1 April, 2024
- NMDC excels at Governance Now 10th PSU Awards
- NTPC Group ties up JPY 30 billion funding from JBIC
- Jabalpur Airport connects Madhya Pradesh to other cities
- Best Organisations for Women title to PowerGrid
- Air India Faces Heavy Fine from DGCA of Rs 80 Lakh
- NCL's mega achievement; surpasses 500 Million Cubic Meters of Overburden
- RailTel bags major order from CDAC worth Rs 36 crore
- ICRA withdraws long term rating of NCDs of ONGC