NTPC net profit jumps 33% amid increased power demand. Here are key highlights

-Revenue from operations in the March quarter was Rs 47,622.06 crore, rising 7.6 percent from Rs 44,253.17 crore reported last year.

-The company’s board of directors recommended final dividend of Rs 3.25 per equity share for the financial year 2023-24, subject to the approval of the shareholders in the annual general meeting.

-The board of directors accorded the in-principle approval for incorporation of a wholly owned subsidiary company for undertaking nuclear energy business, subject to approval of its administrative Ministry i.e. Ministry of Power, DIPAM, Niti Aayog and/or other statutory authorities as may be required.

-For FY24, net profit of the group was Rs 21,332 crore as against Rs 17,121 crore in the previous year, registering a growth of 24.60 percent.

-During the quarter, the company recorded gross power generation of 93.387 billion units (BU), 4.15 percent higher than 89.668 BUs in the same period of the previous year.

-Coal produced from NTPC’s captive mines stood at 7.87 million tonnes in the quarter, marking a spike of 21.45 percent over 6.48 MT in FY23.

-The total installed capacity of the NTPC group stood at 75,958 MW in Q4FY24 against 72,254 MW in the same quarter of the previous fiscal year. On a standalone basis, NTPC reported a total installed capacity of 59,078 MW, compared to 56,368 MW in Q4FY23.

-NTPC group recorded the highest-ever annual generation of 422 BU in FY24 as compared to 399 BU in FY23, an increase of around 6 percent. NTPC’s standalone gross generation in FY24 was 362 BU as compared to 344 BU in the previous year, registering an increase of around 5 percent.

-Gas consumption of the company improved to 0.95 MMSCMD in the fourth quarter from 0.41 MMSCMD last year, growing 131.71 percent.