NTPC's Q3FY18 net profit at Rs 2,361 crore; declares interim dividend

State-owned NTPC in it’s third quarter ended December 2017 (Q3FY18), reported decline of 4.39% year-on-year (YoY) in net profit.

The company posted net profit of Rs 2,360.81 crore, as against net profit of Rs 2,469.26 crore in the corresponding period of previous year.

The Q3FY18 net profit also tumbled by 3.19% from Rs 2,438.60 crore in the preceding quarter.

On the other hand,  revenue from operation came in at Rs 20,774.37 crore this quarter, rising by 7.11% from Rs 19,395.92 crore in Q3FY17 and up by 5.46% from Rs 19,698.75 crore in Q2FY18.

Bottom-line of NTPC missed analysts estimate, while the top-line was mostly in line with the expectations. Analysts at Zee Business, expected Q3FY18 net profit to be at Rs 2,680 crore, while revenue at Rs 20,700 crore in Q3FY18.

For nine month period of FY18, NTPC cumulatively witnessed net profit of Rs 7,417.58 crore - gradually up by 1.53% year-on-year (YoY), while revenue was at Rs 60,352.44 crore - growing by 4.31% on yearly basis.

During Q3FY18, NTPC’s one thermal unit of 250 megawatts at Bongaigaon and one thermal unite of 800 megawatts at Kudgi have been declared commercial.

In it’s meeting held on Wednesday, the NTPC board has recommended interim dividend of Rs 2.73 per share having face value of Rs 10 each for financial year FY18.