NTPC Q1 Results: Net profit rises 23% to ₹4,907 crore, revenue declines marginally; coal production up 52% YoY
NTPC Q1 Results: NTPC announced its April-June quarter results for fiscal 2023-23 (Q1FY24) on July 29, reporting a rise of 23 per cent in consolidated net profit at ₹4,907 crore, compared to ₹3,977.7 crore in the corresponding period last year. The state-owned power generator's revenue from operations in the first quarter of current fiscal stood at ₹43,075.09 crore, marginally lower compared to ₹43,177.14 crore in the year-ago period.
The total income of the company during the June quarter stood at ₹43,390 crore compared to ₹43,561 crore in the year-ago period. "The comparative figures for the quarter ended 30 June 2022 are restated on account of merger of two wholly-owned subsidiaries in the previous year for which accounting has been done," NTPC said in a regulatory filing to the stock exchanges.
The public-sector undertaking (PSU) reported total coal produced from captive mines-commercial in the June quarter at 6.24 million metric tonnes (MMT), registering a growth of 52.2 per cent, compared to 4.10 MMT in the same quarter last year. The company's total installed capacity in the quarter-under-review came in at 57,038 MW, compared to 57,119 MW in the year-ago period.
During the quarter, NTPC recorded gross power generation of 88.55 billion units (BU) in Q1FY24, which is 2.16 percent lower as against 90.50 BUs in the same period a year ago. The operating margin during the June quarter stood at 20.72 per cent, compared to 17.67 per cent in the year-ago period.
The company has not started commercial operations at the second unit of 660 megawatts (MW) of stage 1 of its 3,300 MW Barh Super Thermal Power Project in Bihar. With this, standalone and group commercial capacity of NTPC stands at 57038 MW and 73024 MW,
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