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PratapDarpan > Blog > Top News > NTPC Q2 Results: Net profit up 14% to Rs. 5,380 crores
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NTPC Q2 Results: Net profit up 14% to Rs. 5,380 crores

PratapDarpan
Last updated: 24 October 2024 21:43
PratapDarpan
8 months ago
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NTPC Q2 Results: Net profit up 14% to Rs. 5,380 crores
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State-owned power giant NTPC Ltd on Thursday reported a nearly 14 percent rise in consolidated net profit for the September quarter to Rs. 5,380.25 crores. In the year-ago period, its net profit was Rs. 4,726.40 crore, the BSE filing said.

However, total revenue in this quarter fell to Rs. 45,197.77 crore which was Rs. 45,384.64 crores.

During the April-September quarter of the current financial year, the average tariff of the company was Rs. 4.67 per unit as compared to Rs. was 4.61.

The Board of Directors has approved a paid-up equity share of Rs 10 each for the financial year 2024-25 at a face value of Rs. Also approved a first interim dividend of 2.50. The dividend payment/dispatch date will be 18 November 2024.

NTPC’s total electricity generation fell to 88.46 billion units (BU) during the second quarter from 90.30 BU a year ago.

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    Coal production from its captive mines rose to 9.03 MMT in the quarter from 5.59 MMT in the year-ago period. Production also increased from 11.83 MMT to 18.67 MMT during April-September in the current financial year.

    The plant load factor or capacity utilization of coal-fired thermal power plants fell to 72.28 percent from 75.83 percent in the quarter.

    Domestic coal supply rose to 54.75 MMT from 54.16 MMT in the second quarter.

    Imported coal supply stood at 1.13 MMT in the quarter as against 1.25 MMT a year ago.

    Gas consumption was 2.05 MMSCMD against 4.53 MMSCMD.

    NTPC group’s installed power generation capacity was 76,443 MW as on September 30, up from 73,824 MW in September 2023.

    The company’s installed capacity has also increased to 59,168 MW from 57,838 MW on a standalone basis.

    In a separate statement, NTPC said it has partnered with the Indian Army to set up a solar hydrogen-based microgrid at Chushul in Ladakh. The project will provide stable power supply to off-grid army locations using green hydrogen.

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