Comments
Public sector power generator NTPC posted a consolidated net profit of ₹6,490.05 crore for the fourth quarter of 2023-24, up 33 per cent from ₹4,871.5 crore in 2022-23.
- Also read: NTPC aims for 40 MMT coal production in FY25
The standalone total income of the company for the financial year stood at ₹1,65,707 crore, as against the previous year's total income of ₹1,67,724 crore. The consolidated net profit was up 24.5 per cent from ₹5,208.87 crore in the December quarter, the Ministry of Power added in a release on Saturday.
On a consolidated basis, the total income of the group for FY24 was ₹1,81,166 crore as against the previous year's total income of ₹177,977 crore, registering an increase of 2 per cent. Profit after tax of the group for FY24 was ₹21,332 crore as against the corresponding previous year PAT of ₹17,121 crore, registering an increase of 24.60 per cent.
The company reported revenue from operations at ₹47,622.06 crore, an increase of 7.6 per cent compared to ₹44,253.17 crore a year ago. Profit After Tax (PAT) for FY24 was ₹18,079 crore as against ₹17,197 crore in FY23, an increase of 5 per cent.
- Also read: NTPC eyes adding 5 GW capacity in FY25
The company's board has recommended a final dividend of ₹3.25 per equity share, subject to the approval of shareholders in the ensuing Annual General Meeting. The total dividend for the year would be ₹7.75 per equity share as compared to ₹7.25 per equity share last year, the filing added. This is the 31st consecutive year of dividend payments by the power sector public sector unit.
The PSU saw the highest-ever annual electricity generation of 422 billion units in FY24 as compared to 399 billion units in FY23, an increase of 6 per cent. NTPC's standalone gross generation in FY24 was 362 billion units as compared to 344 billion units in the previous year, registering an increase of 5 per cent.
NTPC coal stations achieved a plant load factor of 77.25 per cent as against the national average of 69.49 percent during FY24, the power ministry added.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.