SME Times News Bureau | 28 Jan, 2012

Electricity generation public sector company NTPC Friday reported a 10.16 percent decline in its net profit for the third quarter of the current fiscal at Rs.2,130.39 crore from Rs.2,371.48 crore in the like period of 2010-11.

The company said in a regulatory filling to the Bombay Stock Exchange (BSE) that its total income in the period under review increased by 14.68 percent at Rs.16,245.42 crore from Rs.14,165.33 crore in the corresponding period of last fiscal.

Segment-wise revenue was led by electricity generation, which grew by 15.56 percent at Rs.15,572.38 crore from Rs.13,475.04 crore in the like period of 2010-11.

The company's total expenditure in the last quarter grew by 26.87 percent at Rs.13,232.97 crore from Rs.10,430.02 crore in the corresponding quarter of 2010-11.

The company's fuel cost alone rose by 29.43 percent in the quarter ended Dec 31 at Rs.10,793.29 crore from Rs.8,338.64 crore in the corresponding period of last fiscal.

The filling added that the company's board has decided to pay an interim dividend of Rs.3.50 per share on the face value of paid-up equity shares of Rs.10 each for the financial year 2011-12. The date of payment of dividend will be Feb 9, 2012.

The filling added that one unit of 600 MW of the company's Sipat project was declared commercial on Oct 1, 2011.