New Delhi: NTPC Limited, the state owned power company, on Saturday announced its quarter two (July-September) results for fiscal 2023-23 (Q2FY24) on October 28, showing 16.6% rise in consolidated net profit at ₹3,885 crore as compared to ₹3,331 crore in the corresponding period last year.
The company’s revenue from operations in the Q2 of current fiscal stood at ₹40,875 crore, marginally lower compared to ₹41,015 crore in the year-ago period. The report further said that the total income of the company during the September quarter rose to ₹45,384.64 crore compared to ₹44,681.50 crore in the corresponding period last year.
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The earnings before interest, taxes, depreciation and amortisation (EBITDTA) in the quarter-under-review came in at ₹10,537.4 crore, compared to ₹9,134.7 crore in the year-ago period, said a release from the NTPC Ltd.
The operating margin during the September quarter stood at 25.8 per cent, up by 270 basis points (bps), compared to 23.1 per cent in the year-ago period. One basis point is one hundredth of percentage point.
NTPC board approves 1st interim dividend
NTPC board’s in its meeting held on Saturday also approved the first interim dividend of fiscal 2023-24 at the rate of 22.5 per cent ( ₹2.25 per share) on the face value of paid-up equity shares of ₹10 each. The date of payment/dispatch of dividend will be November 23, 2023.
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The total coal produced from captive mines-commercial in the September quarter at 5.59 million metric tonnes (MMT) compared to 4.32 MMT in the year-ago period. The average tariff stood at ₹4.61 per unit during April- September 2023 compared to ₹4.77 per unit in the same period last year. NTPC’s gross electricity generation increased to 90.30 billion units (BU) during the second quarter from 85.48 BU in the corresponding period a year ago.
The company’s imported coal supply stood at 1.25 MMT in the quarte-under-review as against 5.5 MMT a year ago. NTPC’s installed power generation capacity stood at 73,824 MW as on September 30, 2023.
