NTPC Q2 Results: PAT jumps 38% YoY to 4,726 crore. Co declares dividend of Rs 2.25/share
NTPC on Saturday reported a 38% year-on-year jump in consolidated net profit to Rs 4,726.40 crore for the quarter ended September 2023, up from Rs 3,417.67 crore in the year-ago period. However, it was down 3.6% sequentially. The company had reported a consolidated profit after tax of Rs 4,907.13 crore in the June-ended quarter.
The consolidated revenue from operations for the said period stood at Rs 44,983.35 crore, which was up 1.8% from Rs 44,175.03 crore reported by the power company in the year-ago period.
On a quarter-on-quarter basis, the revenue was up 4.4%, the company informed in its filing to the exchanges. The company had reported a revenue of Rs 43,075.09 crore in the June ended quarter.
The total expenses for the said quarter was down on the YoY basis to Rs 39,261.35 crore from Rs 40,000.99 reported by the company in the year ago period.
The company's Board of Directors also declared the first interim dividend of Rs 2.25 per share for the financial year 2023-24 in their meeting held on 28 October 2023.
On a standalone basis, the net profit for the reporting period stood at Rs 3,885.01 crore, which was up from Rs 3,331.20 crore reported by the company in the corresponding quarter of the last financial year. In the June ended quarter the company had reported net profit of Rs 4066.04 crore.
The standalone revenue for Q2FY24 stood at Rs 40,875.32 crore which was down from Rs 41,015.14 crore in the year ago period.
