NTPC’s profit in March quarter down y-o-y by 6%

22 May 2023 , 11:37 AM

NTPC, a leading power generation company, experienced a 6% y-o-y decline in consolidated net profit for the quarter ending in March, amounting to Rs 4,871 crore. In the corresponding quarter of the previous year, the net profit was recorded at Rs 5,199 crore.

During the reviewed quarter, NTPC witnessed a significant 19% y-o-y increase in revenue from operations, reaching Rs 44,253 crore. In comparison, the corresponding quarter of the previous year reported revenue of Rs 37,085 crore.

On a sequential basis, the net profit for the quarter remained unchanged compared to the same quarter of the previous year, with a reported figure of Rs 4,854 crore. However, revenues experienced a slight decline from the preceding December quarter, falling marginally from Rs 44,601 crore.

For the financial year ending in March 2023, the Board has proposed a final dividend of Rs 3 per equity share. The payment of this dividend is contingent upon approval from the shareholders at the annual general meeting.

In addition to the interim dividend of Rs 4.25 per equity share distributed in February 2023, the company has announced a final dividend. The reported EBITDA for the reporting quarter amounted to Rs 11,942 crore, with a corresponding margin of 26.9%.

In FY23, the company’s profit saw a slight increase, reaching Rs 17,121 crore as compared to Rs 16,690 crore in FY22. However, revenues for FY23 experienced a significant 33% y-o-y growth, totaling Rs 1.76 lakh crore. In the previous fiscal year, revenues amounted to Rs 1.32 lakh crore.

At around 11.34 AM, NTPC was trading at Rs 175.75, up by 1.41% against the previous close of Rs 173.30 on NSE.

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