NTPC Q3 Profits Sowed Slight Increase

State-owned power company National Thermal Power Corporation (NTPC) reported at least 1 per cent jump in its Q3 net profit. It registered a profit of Rs 2,385.4 crore against Rs 2,360.8 crore in the year 2018.

The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) also known as the operating profit rose 24.7 per cent at Rs 6,579.9 crore versus Rs 5,277 crore, while the margin was up 190 basis points (bps) at 27.3 per cent versus 25.4 per cent. The revenue of the company was up 16 per cent at Rs 24,120.4 crore against Rs 20,774.4 crore.

Meanwhile, NTPC has recommended one new equity bonus share of Rs 10 each for every five existing equity share of Rs 10 each fully paid up, subject to the approval of the shareholders. It has also decided to pay an interim dividend at the rate of 35.8 per cent (Rs 3.58 per share) on the face value of paid-up equity shares of Rs 10 each for the financial year 2018-19.