New Delhi: State-owned power company National Thermal Power Corporation (NTPC) on Wednesday 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. Also Read - Sensex Tumbles Over 1,000 Pts Due to Selloff in IT, Telecom Stocks; Nifty Drops Below 11,700
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. Also Read - Leopard Spotted in NTPC Premises in Greater Noida, Operation to Trap it Launched
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. Also Read - Happiest Minds Technologies Makes Bumper Market Debut, Lists At 111% Premium Over Issue Price
The NTPC share ended at Rs 138.80, up Rs 0.25, or 0.18 per cent on the Bombay Stock Exchange (BSE). In Q3, there has been no major capacity addition.
The company has reported a net profit of Rs 10,343.17 crore for 2017-18 with a total income of Rs 85,207.95 crore.