NTPC Ltd, a state-owned power generation company, declared a consolidated net profit of Rs 4,726.4 crore for the second quarter of fiscal year 2023-24, up 38.3% from Rs 3,417.67 crore in the previous corresponding period.
The board also agreed to pay the first interim dividend of Rs 2.25 per share on the face value of Rs 10 equity shares for FY24. On November 23, the dividend will be paid.
The revenue from operations in the September 2023 quarter was Rs 44,983.35 crore, up 1.8% from the previous fiscal year’s equivalent quarter of Rs 44,175.03 crore.
NTPC Ltd is India’s largest integrated power company, accounting for 25% of the country’s power needs.
EBITDA came in at Rs 13,081.5 crore, up 18.7% from Rs 11,019.3 crore in the same period the previous year. From 24.6% to 28.8%, the EBITDA margin increased by 416 basis points (bps).In Q2FY23-24, the NTPC group’s total installed capacity was 73,824 MW, up from 70,254 MW in the same period the previous fiscal year. NTPC reported a total installed capacity of 57,838 MW, an increase from 57,639 MW in Q2FY22-23.
At around 9.31 AM, NTPC was trading 1.12% lower at Rs 233.95, against the previous close of Rs 236.60 on NSE. The counter touched an intraday high and low of Rs 238.40 and Rs 233.80, respectively.
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