NTPC net almost flat at Rs 2,385.41 cr, declares interim dividend, bonus shares

State-run power giant NTPC posted a Rs 2,385.41-crore net profit in the December 2018 quarter, almost flat as compared to the year-ago period, mainly on account of higher fuel and borrowing costs.

The company board in its meeting on Wednesday has decided to pay interim dividend and issue bonus shares to its shareholders, according to a company statement.

The company's standalone net profit was Rs 2,360.81 crore in the corresponding period of the previous fiscal, the statement said.

Its total income during the third quarter was Rs 24,308.01 crore, a rise of 15.27 per cent compared with Rs 21,087.84 crore a year ago.

During the nine months up to December 2018 also, the company's net profit was nearly flat at Rs 7,399.57 crore, compared with Rs 7,417.58 crore in the year-ago period.

During the April-December 2018, NTPC's total income was Rs 69,633.95 crore, an increase of 13.06 per cent as against Rs 61,590.12 crore in the year-ago period.

The company has reported a net profit of Rs 10,343.17 crore for 2017-18 with total income of Rs 85,207.95 crore