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Business News/ Companies / Company Results/  NTPC Q4 Results: Net profit drops 2% to 5,556 crore, revenue up 3% YoY; dividend declared
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NTPC Q4 Results: Net profit drops 2% to ₹5,556 crore, revenue up 3% YoY; dividend declared

NTPC Q4 Results: The state-owned power generator's revenue from operations in the fourth quarter of FY24 stood at ₹42,532 crore.

NTPC Q4 Results: Net profit dropped two per cent in March quarter; File photo of an NTPC plant in Gujarat.Premium
NTPC Q4 Results: Net profit dropped two per cent in March quarter; File photo of an NTPC plant in Gujarat.

NTPC Q4 Results: NTPC announced its January-March quarter results for fiscal 2023-23 (Q4FY24) on Friday, reporting a drop of two per cent in standalone net profit at 5,556.4 crore, compared to 5,672.3 crore in the corresponding period last year. India's largest integrated power utility's revenue from operations in the fourth quarter of FY24 stood at 42,532 crore, registering a growth of three per cent compared to 41,317 crore in the year-ago period.

The PSU's board recommended a final dividend of 3.25 per equity share for FY24. This is in addition to the first interim dividend at 2.25 per share and the second interim dividend at 2.25 per share with a face value of 10 each for 2023-24, paid in November 2023 and February 2024, respectively.

Also Read: BSE Power records 107% surge in a year, 9 stocks including NTPC, Tata Power jump between 100% and 400% – here's why

NTPC Q4 Results - Key Metrics

On a consolidated basis, NTPC's net profit rose 33 per cent to 6,490 crore, compared to 4,871.5 crore reported in the corresponding period last year. The consolidated revenue from operations in the March quarter stood at 47,622.06 crore, reporting a growth of 7.6 per cent from 44,253.17 crore in the year-ago period. The leading state-owned power generator contributes 25 per cent to the country’s power requirement.

The board, in its meeting, held earlier today, has accorded in-principle approval for the incorporation of a wholly-owned subsidiary company to undertake nuclear energy business, subject to the approval of the administrative ministry—the Ministry of Power, DIPAM, NITI Aayog and/or other statutory authorities as may be required.

The average tariff was 4.61 per unit during fiscal 2023-24 compared to 4.89 per unit a year ago. The gross electricity generation of NTPC increased to 93.387 billion units (BU) during the fourth quarter up from 89.66 BU in the year-ago period. During fiscal 2023-24, it rose to 361.70 BU from 344.27 BU.

Also Read: NTPC to add 5 GW power generation capacity in FY25

The coal output increased to 7.87 MMT in the quarter from 6.48 MMT a year ago. Its production also increased during the fiscal to 27.7 MMT from 20.23 MMT. Plant load factor or capacity utilisation of coal-based thermal power plants dipped to 79.77 per cent in the fourth quarter from 80.32 per cent a year ago. During the fiscal, it rose to 77.25 per cent from 75.90 per cent in 2022-23.

Domestic coal supply improved to 61.6 MMT in the January-March quarter over 54.85 MMT in the same period last fiscal. During the fiscal, it also rose to 231.64 MMT from 209.29 MMT in 2022-23. The gas consumption improved to 0.95 MMSCMD in the quarter from 0.41 MMSCMD. 

During the fiscal year, it increased to 2.74 MMSCMD from 1.13 MMSCMD in 2022-23. The imported coal supply stood at 3.70 MMT in the quarter, compared to 2.97 MMT a year ago. During the fiscal year, it was 9.57 MMT, compared to 14.56 MMT in 2022-23.

NTPC Group's installed power generation capacity stood at 75,958 MW as of March 31, 2024. Ahead of the announcement of Q4FY24 results, NTPC shares settled 0.68 per cent higher at 374.85 apiece on the BSE.

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Nikita Prasad
Nikita covers business news and has been producing news on digital platforms since 2018. She writes on economy, policy, markets, commodities, industry. Her core areas of interests include infrastructure, energy, oil and gas, railways, and transport/mobility. She has worked for business news channels like Moneycontrol, NDTV Profit, and Financial Express in the past. If you have story ideas/pitches/reports or quotes/views to share, reach her at nikita.prasad@htdigital.in.
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Published: 24 May 2024, 08:22 PM IST
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