NTPC Q1 Results: Standalone PAT rises by 11% YoY, revenues up 13%
NTPC on Saturday reported a standalone net profit of Rs 4510.98 crore for the quarter ended June 30, 2024, up by 11% YoY, while the revenue from operations went up to Rs 44,419.22 crore in the same period.
The revenue from operations was up by 13.5% on a year-on-year basis from Rs 39,122.25 crore in the same quarter a year ago.
The total income of the company also rose by 13.5% to Rs 45,053.04 crore while its total expenses were recorded at Rs 38,276.03 crore in Q1FY25. The total expenses increased by Rs 4,748 crore on a YoY basis.
NTPC has also declared a final dividend of Rs 3.25 per share for its eligible equity shareholders for the financial year 2023-24.
Also read: PNB Q1 Results: Net profit after tax jumps 159% YoY, NII rises 10%
Among other highlights, the company’s standalone installed capacity increased by 2,130 MW, going up to 76,048 MW as of June 2024 against 73,024 MW in June 2023, while NTPC’s commercial capacity also increased by 2,790 MW to 59,168 MW in June 2024.
The company’s commercial coal produced from captive mines stood at 9.64 MMT, recording an increase of 54.5% YoY.
NTPC shares have nearly doubled in the last one year while gaining 28% in the current year so far. The stock has increased by 26% in the last 6 months, according to BSE analytics.
Shares of NTPC closed Friday’s session 1.14% higher at Rs 396.50 on BSE.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
(You can now Read more on economictimes.indiatimes.com
