NTPC gains after decent Q3 numbers

NTPC rose 0.97% to Rs 129.95 at 09:17 IST on BSE after net profit rose 10.2% to Rs 2861.28 crore on 19% increase in net sales to Rs 18779.39 crore in Q3 December 2013 over Q3 December 2012.

The company announced the result after market hours on Tuesday, 28 January 2014.

Meanwhile, the BSE Sensex was up 123.61 points, or 0.60%, to 20,807.12.

On BSE, so far 27,000 shares were traded in the counter, compared with an average volume of 4.45 lakh shares in the past one quarter.

The stock hit a high of Rs 131.80 and a low of Rs 130 so far during the day. The stock hit a 52-week high of Rs 162.80 on 3 May 2013. The stock hit a 52-week low of Rs 122.65 on 28 August 2013.

The stock had underperformed the market over the past one month till 28 January 2014, sliding 6.30% compared with the Sensex's 2.41% fall. The scrip had underperformed the market in past one quarter, falling 10.72% as against Sensex's 0.55% rise.

The large-cap company has an equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

NTPC's total expenses rose 20.24% to Rs 15173.59 crore in Q3 December 2013 over Q3 December 2012. Employee expenses surged 65.9% to Rs 1179.65 crore in Q3 December 2013 over Q3 December 2012. Power, oil & fuel expenses rose 17.2% to Rs 11830.52 crore in Q3 December 2013 over Q3 December 2012.

Meanwhile, NTPC's board of directors at its meeting held on 28 January 2014 recommended an interim dividend of Rs 4 per share for the financial year ending 31 March 2014. The date of payment/dispatch of dividend shall be 10 February 2014, NTPC said.

NTPC, India's largest power company, has presence in the entire value chain of power generation business. The Government of India (GoI) holds 75% stake in NTPC (as per the shareholding pattern as on 31 December 2013).

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