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NTPC board has approved an interim dividend of Rs 3 per share for the financial year 2020-21. The date of payment/dispatch of dividend shall be February 26 2021, the company said. The state-run company today announced a 10 per cent increase in net profit to Rs 3315 crore in the December quarter as compared to Rs 2,995 crore in the same quarter of the previous year. Its revenue from operations rose to Rs 24,509 crore in the quarter ended December 31, 2020, as compared to Rs 23,496 crore in the same quarter of the previous year.
NTPC shares were trading 2 per cent higher at Rs 99.30 in later trade. Giving an update of its share buyback program announced earlier in November, NTPC said the settlement of all valid bids was completed on 30th December 2020 and the equities bought back were extinguished on 1st January. Accordingly, the paid-up equity share capital has been reduced by Rs198 crore.
“Pursuant to the approval of Board of Directors of the Company for buyback of equity shares in its meeting held on 2 November, the company has brought back 19,78,91,146 equity shares of the company for an aggregate amount of Rs 2,275 crore, being 2 per cent of the total paid-up equity share capital at Rs 115 per equity share,” NTPC said.
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