In the March 2024 quarter, state-owned power giant NTPC reported a 33% increase in its consolidated net profit to Rs 6,490.05 crore, mainly due to higher revenues. The company’s total income rose to Rs 48,816.55 crore in the quarter from Rs 44,744.96 crore in the same period a year ago.
For fiscal 2023-24, the consolidated net profit increased to Rs 21,332.45 crore from Rs 17,121.35 crore in the previous year. The total income for the fiscal year rose to Rs 1,81,165.86 crore against Rs 1,77,976.39 crore a year ago.
The company’s board recommended a final dividend of Rs 3.25 per equity share for FY24, in addition to the first and second interim dividends paid earlier.
NTPC’s board also approved the incorporation of a wholly-owned subsidiary company for undertaking nuclear energy business, subject to the approval of relevant authorities.
During fiscal 2023-24, NTPC’s average tariff decreased to Rs 4.61 per unit compared to Rs 4.89 per unit in the previous year.
The company’s gross electricity generation increased to 93.387 billion units (BU) in the fourth quarter and to 361.70 BU for the fiscal year. Coal output and production also increased during the same periods.
The plant load factor of coal-based thermal power plants dipped in the fourth quarter but rose during the fiscal year. Domestic coal supply and gas consumption also improved during the same periods.
NTPC Group’s installed power generation capacity stood at 75,958 MW as of March 31, 2024.