NTPC quarterly net profit rises 38 percent

NTPCMumbai, May 10 : India's top power producer National Thermal Power Corporation (NTPC) Tuesday posted 38 percent increase in its net profit at Rs. 2,781.84 crore for the quarter ended March 31 as against Rs. 2,017.65 crore during the like period of the last fiscal.

Net sales grew 25.62 percent at Rs. 15,518.94 crore during the quarter under review as compared to Rs. 12,353.39 crore during the like quarter of the last financial year, the company said in a regulatory filing.

The company also recommended final dividend of Rs. 0.80 per equity share.

At the Bombay Stock Exchange, the shares of the company closed 4.60 percent up at Rs. 180.75.(IANS)