NTPC Q2 Results: Net profit rises 16% to ₹3,885 crore, revenue declines marginally; dividend declared

livemint.com:

NTPC Q2 Results: NTPC announced its July-September quarter results for fiscal 2023-23 (Q2FY24) on October 28, reporting a rise of 16.6 per cent in consolidated net profit at ₹3,885 crore, compared to ₹3,331 crore in the corresponding period last year. The state-owned power generator's revenue from operations in the second quarter of current fiscal stood at ₹40,875 crore, marginally lower compared to ₹41,015 crore in the year-ago period. 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.

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. Also Read: ONGC, NTPC Green tie up for domestic and international renewable energy projects 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'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. The public-sector undertaking (PSU) reported 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.