New Delhi: NTPC Ltd, India’s largest integrated power utility, has declared the audited financial results for financial year 2023-24, reporting 6% increase in electricity generation in the current fiscal. The group has total installed capacity of 76,015 MW.
Reports said that the NTPC group recorded the highest-ever annual electricity generation of 422 billion units in FY24 as compared to 399 billion units in FY23, an increase of 6%. Standalone gross generation of the company in FY24 was 362 billion units as compared to 344 billion units in the previous year, registering an increase of 5%.
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NTPC coal stations achieved a plant load factor of 77.25% as against the national average of 69.49% during FY24. On standalone basis, the total income of NTPC for FY24 was ₹ 1,65,707 crores as against the previous year’s total income of ₹ 1,67,724 crores. Profit after tax (PAT) for FY24 was ₹ 18,079 crores as against ₹ 17,197 crores in FY23, an increase of 5%.
On a consolidated basis, the total income of the group for FY24 was ₹ 1,81,166 crores as against the previous year’s total income of ₹ 177,977 crores, registering an increase of 2%. PAT of the group for FY24 was ₹ 21,332 crores as against the corresponding previous year PAT of ₹ 17,121 crores, registering an increase of 24.60%.
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For FY24, the board has recommended a final dividend @ ₹ 3.25 per equity share, subject to the approval of shareholders in the ensuing annual general meeting (AGM). Interim dividends for the FY24 totaling ₹4.50 per equity share have already been paid to the investors in the months of November 2023 and February 2024. The total dividend for the year would be ₹7.75 per equity share as compared to ₹7.25 per equity share last year. This is the 31st consecutive year of dividend payment by the company.
