NTPC Profits Surge 7%, Shares Sweetened with ₹2.25 Dividend Payout

30 Jan 2024 , 08:35 AM

Leading PSU NTPC Ltd. stated on Monday that its consolidated net profit for the quarter ended December 2023 increased by 7% year over year to ₹ 5,209 Crore. A year earlier, it was worth ₹ 4,854 Crore.

Net profit climbed by 10% sequentially from the ₹ 4,726 Crore reported in the September quarter before.

In comparison to the same period last year, when revenue from operations was ₹ 44,602 Crore, the third quarter’s revenue from operations decreased 4% year over year to ₹ 42,820 Crore.

For the fiscal year 2023–2024, the board has announced its second interim dividend of ₹ 2.25 per share. In due time, the record date for the same will be disclosed.

The third quarter’s EBITDA for the company dropped by 22% to ₹ 11,362 Crore. In the same quarter of the previous year, the same was valued at ₹ 14,471 Crore.

In the meantime, margins decreased as well, from 32.4% in the prior year quarter to 26.5% in the reporting period.

Comparing the December quarter’s total expenses to the same quarter in the previous year, they grew slightly to ₹ 38,782 Crore from ₹ 37,007 Crore.

Sales from the power generating segment fell from ₹ 43,479 Crore recorded in the same time last year to ₹ 41,762 Crore in the October–December quarter.

In the third quarter, revenue from other segments increased by 24% year over year to ₹ 3,961 Crore from ₹ 3,187 Crore the previous year.

Prior to the release of the results, NTPC shares closed 3.4% higher on the NSE on Monday at ₹ 325.45.

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