NTPC net profit rises by 7% in Q3

NTPC Ltd. announced on Monday that its consolidated net profit for the quarter that concluded on December 31, 2023, increased by 7% to Rs 5,209 crore. A year before, it declared a combined net profit of Rs 4,854 crore. A Rs 2.25 interim dividend per share was announced by the PSU company. 

The dividend payment date is set for February 22, 2024. NTPC has declared its second interim dividend for FY24. The shares of NTPC closed 3% higher at Rs 324.65 on Monday on the BSE. From Rs 44,602 crore in Q3FY23 to Rs 42,820 crore in Q3FY24, the company's consolidated revenue from operations decreased 4%.