Electricity transmission poles and cables stand against the setting sun in Malegaon, Maharashtra. (Photographer: Dhiraj Singh/Bloomberg)

Q3 Results: NTPC’s Profit Remains Flat; Board Approves Bonus Issue

NTPC Ltd.’s quarterly net profit remained flat.

The bottom line rose 1 percent year-on-year to Rs 2,385.4 crore in the quarter ended December, the state-run power producer said in an exchange filing. Its revenue rose 16 percent on a yearly basis to Rs 24,120.4 crore.

The company’s earnings before interest, tax, depreciation and amortisation grew 24.7 percent to Rs 6,579.9 crore. Its margin expanded 190 basis points to 27.3 percent during the period.

NTPC’s board recommended one bonus equity share each for five shares held, according to the filing. The board also announced an interim dividend at the rate of Rs 3.58 apiece for the current financial year. The dividend will be paid on Feb. 14.

The NTPC stock closed flat before the results announcement, on a par with the NSE Nifty 50 Index.