NTPC Q3 profit rises 7.4% to Rs 3,074 cr, revenue flat

New Delhi: NTPC 's profit after tax grew 7.4 percent year-on-year to Rs 3,074 crore during October-December quarter. Steep fall in tax cost supported the bottomline but lower other income and higher finance cost restricted profit growth.

Net sales was almost flat at Rs 18,739 crore in the quarter ended December 2014 compared to Rs 18,779.4 crore in the year-ago period.

Other income of India's largest power generation company fell 36 percent year-on-year to Rs 481.3 crore in the third quarter of FY15 while finance cost increased 16.6 percent to Rs 700.8 crore from Rs 601 crore during the same period.

Tax cost was dropped 87.7 percent to Rs 112.8 crore during the quarter from Rs 918.2 crore in same quarter last fiscal.

At 15:20 hours IST, the scrip of NTPC was quoting at Rs 143.65, up Rs 1.80, or 1.27 percent on the BSE.