NTPC Q3 net profit slips 4%; declares 27% interim dividend

State-run power giant NTPC's standalone net profit dropped by 4.4 per cent to Rs 2,360.81 crore in the third quarter quarter ended December 31.
The company's standalone net profit was Rs 2,469.26 crore in the quarter ended December 31, 2016, NTPC said in a BSE filing today.
Its total revenue increased to Rs 21,087.84 crore in the third quarter, as compared to Rs 19,646.09 crore in the year- ago period.
Besides, approving the financial results the board of directors in its meeting held today also decided to pay interim dividend at the rate of 27.30 per cent (Rs 2.73 per share) on the face value of paid-up equity shares of Rs 10 each for 2017-18.

The date of payment/dispatch of dividend shall be February 15, 2018.
The board today also appointed Prasant Kumar Mohapatra as Director (Technical) from January 31, 2018 and Prakash Tiwari as Director (Operations) from January 31, 2018.

During April-December period this fiscal, the company's standalone net profit is recorded at Rs 7,417.58 crore compared to Rs 7,305.86 crore a year ago.
NTPC's average tariff for the nine months period for this fiscal is Rs 3.26 per unit.
In the December quarter, NTPC's power generation increased by 10.40 per cent 67.782 Billion units (BUs) to 61.396 BUs in the year-ago period. It has recorded highest ever generation of 65.047 BU during July-September quarter of this fiscal.

In the third quarter, NTPC Coal stations achieved plant load factor (PLF) or capacity utilisation of 77.50 per cent as against national average of 59.68 per cent. Its PLF during the same period previous fiscal was 77.72 per cent.
Its coal based plants' PLF was 76.92 per cent in third quarter, down from 77.21 per cent a year ago.
The company's coal imports during the quarter came down to 0.06 million tonnes from 0.12 million tonnes year ago. Similarly, the import of dry fuel dropped to 0.22 million tonnes in April-December period this fiscal from 0.94 million tonnes.
NTPC Group installed power generation capacity is 51,383 MW.