India's largest power producing company, the state-run NTPC Ltd has posted a 6.8% drop in its net profit at Rs. 2,593.4 crore for the quarter ended March 31, 2012, compared to Rs. 2,781.8 crore for the corresponding quarter previous year.
Total income increased to Rs. 17,031.8 crore in the fourth quarter from Rs. 16,190.4 crore in the year ago period.
The company posted a net profit of Rs. 9,223.73 crore for the year ended March 31, 2012, compared to Rs. 9,102.59 crore for the year ended March 31, 2011. Total income increased from Rs. 59,247.84 crore for the year ended March 31, 2011, to Rs. 64,832 crore for the year ended March 31.
The NTPC board, at its meeting held on Thursday, recommended a final dividend of R0.5 per equity share, in addition to the interim dividend of Rs. 3.5 per equity share paid in February 2012.