NTPC March quarter Net drops 29 pc

State-run NTPC today reported 29.4 per cent fall in its net profit at Rs 3,093.54 crore for the fourth quarter ended March 31, 2014.

The country's largest thermal power producer had posted a net profit of Rs 4,381.61 crore in the corresponding period last fiscal, NTPC said in a statement.

Total income of the company rose to Rs 78,921.66 crore from Rs 72,098.09 crore in the same period last year.

Shares of NTPC rose 2.95 per cent to close at Rs 129.25 apiece on the BSE.