State-run NTPC information its web benefit 33% upper than Q3 FY23 – Business Information

National Thermal Power Corporation (NTPC) Limited in its Q4 for FY24 has reported a rise of 33 per cent in its net profits from the same quarter of corresponding year as the power demand spiked and electricity generation improved. The company’s consolidated net profit for the quarter ending March 2024 stood Rs 6,490.05 crore, against Rs 4,871.55 crore in Q4 FY23. 

Compared to last quarter, Q3 FY24, the net profit of NTPC rose by 24.5 per cent. The company recorded a net profit of Rs 5,208.87 crore in Q3 FY24. 

The largest contributor of integrated power utility with 25 per cent contribution in the country’s overall electricity requirement, witnessed a marginal increase of 7.6 per cent in its revenue from operations. The company reported revenue from operations at Rs 47,622.06 crore in Q4 FY24, from Rs 44,253.17 crore in the same quarter of last year.

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Meanwhile, EBITDA, or earnings before interest, taxes, depreciation, and amortisation, increased to Rs 15,601.13 crore from Rs 12,435.22 crore recorded the previous year. The company generated 93.387 billion units (BU) of gross power during the quarter, 4.15 per cent more than 89.668 BUs during the same period last year.

The board of directors, in their meeting held on May 24, 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. Further, the board of directors recommended a 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.