State-owned power giant NTPC on Saturday posted a nearly three-fold jump in consolidated net profit at Rs 4,649.49 crore for the March quarter of 2020-21 on the back of higher revenues.
The consolidated net profit of the company in the year-ago period was Rs 1,629.86 crore, a BSE filing said.
Total income in the quarter under review rose to Rs 31,687.24 crore from Rs 31,330.25 crore in the same period of 2019-20.
Net profit in the last financial year was Rs 14,969.40 crore compared with Rs 11,191.98 crore in 2019-20.
Total income in 2020-21 was Rs 1,15,546.83 crore, up from Rs 1,12,372.58 crore in the previous year.
The company’s board has recommended a final dividend of Rs 3.15 per equity share for 2020-21. This is in addition to the interim dividend of Rs 3 per equity share paid in February 2021.
The board has also approved raising the borrowing limit of the company from Rs 2,00,000 crore to Rs 2,25,000 crore.