MUMBAI: National Thermal Power Corporation (NTPC) today reported a growth of 5 per cent in net profit at Rs 2,364.9 crore for the third quarter ended December 31, 2009, over the same period last year.

The numbers declared by the company are a tad worse than the Bloomberg UTV estimate of 5.5% increase in net profit.

However, total income declined to Rs 11,962.8 crore for the quarter ended December 31, from Rs 12,128 crore in the same period previous fiscal, NTPC said in a filing to the Bombay Stock Exchange.

Further the company said that one of its coal based unit located in Uttar Pradesh, which is planned to provide power to Commonwealth Games, has reached full load to produce 490 Mw of power.

"One of the company's coal based unit of 490 Mw of national capital thermal power project located in Uttar Pradesh has been successfully commissioned. It has reached full load on January 29, 2010," the company said.

HIGHLIGHTS

Net Sales down 1% at Rs 11,183 cr vs Rs 11,277 cr

Net Profit up 5.1% at Rs 2,364 cr vs Rs 2,250.91 cr

EBITDA up 4.9% at Rs 3,364.52 cr vs Rs 3,208.52 cr

EBITDA Margins at 30.1% vs 28.5%