NTPC net profit tumbles 5% to Rs 2,944.03 crore

State-owned power utility NTPC on Friday reported a 5 per cent drop in its March quarter net profit to Rs 2,944.03 crore.

Net profit of Rs 2,944.03 crore, or Rs 3.57 per share, was 4.8 per cent lower than Rs 3,093.54 crore, or Rs 3.75 a share, in the same period a year ago, National Thermal Power Corporation Limited said in a stock exchange filing.

Turnover too declined to Rs 19,314.58 crore in January-March quarter from Rs 20,939,08 crore in the same period of the previous fiscal. Net profit in the full fiscal fell 6.3 per cent to Rs 10,290.86 crore.

The NTPC stock was trading 1.41 per cent higher on the BSE.