July 12, 2024

NTPC’s board additionally accepted paying a second interim dividend of Rs 2.25 per share

State-run energy generator NTPC Ltd reported a consolidated web revenue of Rs 5,208.87 crore for the third quarter of 2023-24, up 7.3 % from Rs 4,854.36 crore within the year-ago interval.

Income from operations within the December 2023 quarter was Rs 42,820.38 crore, down 3.9 % from Rs 44,601.84 crore reported within the corresponding quarter of the earlier fiscal yr.

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In response to the typical of analyst estimates calculated by Bloomberg, NTPC was projected to report a web revenue of Rs 4,930 crore and a income of Rs 44,646.80 crore within the quarter underneath evaluate.

The corporate’s board additionally accepted paying a second interim dividend of Rs 2.25 per share on the face worth of paid-up fairness shares of Rs 10 every for FY24. The dividend might be paid on February 22.

NTPC is India’s largest built-in energy utility, contributing 25 % of the nation’s energy requirement.

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Earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) got here in at Rs 12,116.42 crore, which is eighteen % decrease in contrast with Rs 14,864.96 crore throughout the identical interval a yr earlier. The EBITDA margin declined by 5 proportion factors to twenty-eight % from 33 %.

Through the quarter, the corporate recorded gross energy era of 89.467 billion items (BU), 13.76 % larger than 78.646 BUs in the identical interval of the earlier yr.

Story continues beneath Commercial

Story continues beneath Commercial

Coal produced from its captive mines stood at 8.09 million tonnes within the quarter, marking a pointy spike of 51.2 % over 5.35 MT in FY23.

The full put in capability of the NTPC group stood at 73,874 MW in Q3FY24 in opposition to 70,884 MW in the identical quarter of the earlier fiscal yr. On a standalone foundation, NTPC reported a complete put in capability of 57,838 MW, up from 58,269 MW in Q3FY23.

On September 1, 2023, India witnessed a file energy demand of virtually 240 GW, amid hovering temperatures.

Shares of NTPC closed at Rs 324.55 a chunk on the Nationwide Inventory Change on January 29 forward of the outcomes, up virtually 3.11 %.