Business

NTPC Q3 Results: Profit Grows 7% To Rs 5,208.87 Crore

Its net profit stood at Rs 4,854.36 crore in the year-ago period, a BSE filing said. The total income fell to Rs 43,574.65 crore in the quarter from Rs 44,989.21 crore in the same period a year ago. The company’s expenses rose to Rs 38,782.22 crore from Rs 37,007.51 a year ago.

Revenue from operations for the quarter and nine months ended 31 December 2023 include Rs 2,117.12 crore and Rs 7,012.90 crore, respectively (Previous quarter and nine months Rs 1,984.92 crore and Rs 6,039.14 crore, respectively) on account of sale of energy through trading,” the filing said.

The Board of Directors of the company has also approved a second interim dividend of 2.25 per share (face value of Rs 10 each) for the financial year 2023-24 in their meeting held on January 29, 2024. The date of payment/dispatch of the dividend shall be February 22, 2024.

The Board had declared the first interim dividend of 2.25 per share (face value of Rs 10 each) for the financial year 2023-24 in their meeting held on October 28, 2023, which was paid in November 2023.

The average tariff of the company was Rs 4.57 per unit during April-December this fiscal compared to Rs 4.96 per unit a year ago. The gross electricity generation of NTPC increased to 89.467 billion units (BU) during the third quarter against 78.646 BU in the year-ago period.

Coal output increased to 8.09 MMT in the quarter from 5.35 MMT a year ago. Its production also increased during April-December this fiscal to 19.92 MMT from 13.75 MMT.

Plant load factor or capacity utilisation of coal-based thermal power plants improved to 75.95 per cent in the quarter from 68.85 per cent a year ago. Domestic coal supply improved to 60.23 MMT in the October-December quarter over 52.45 MMT in the same period last fiscal.

Gas consumption improved to 2.26 MMSCMD from 1.13 MMSCMD. Imported coal supply stood at 2.15 MMT in the quarter against 1.57 MMT a year ago. NTPC Group’s installed power generation capacity stood at 73,874 MW as of December 31, 2023.

Also Read: Andhra Pradesh: Case Lodged Against MLA Yeluri Sambasiva Rao For Bribing Voters In 2019 Elections

Bharat Express English

Recent Posts

Asian Geography Conference Champions Youth As Vanguards Of National Development

Colonel Mustafa urges youth to use geography actively for disaster management, policy, and national development.

1 hour ago

India Sends Record 111-Member Squad To Deaflympics 2025 In Tokyo

India names a record 111-member team for Deaflympics 2025, competing across 11 sports disciplines.

2 hours ago

PM Modi, Leaders Extend Birthday Wishes to Bharat Ratna LK Advani

PM Modi, Amit Shah, and leaders extend birthday wishes to Bharat Ratna LK Advani.

2 hours ago

Justice Vikram Nath Hails PM Modi’s Vision For Accessible & Technology-Driven Justice At NALSA Conference

Justice Vikram Nath praised PM Modi’s vision for inclusive, tech-driven justice and legal empowerment.

3 hours ago

Justice Surya Kant Calls For Empathetic Tech-Driven Legal Aid System At NALSA Conference

Justice Surya Kant urged empathetic, tech-driven legal aid reforms to make justice accessible and inclusive.

3 hours ago

SC To Live Stream National Conference On Legal Aid & Legal Services Day Celebrations

Supreme Court to live stream NALSA’s National Conference and Legal Services Day celebrations online.

3 hours ago