PSU Power company NTPC has reported a 33 percent rise in its consolidated net profit to Rs 6,490.05 crore in the March 2024 quarter. The company had reported Rs 4,871.55 crore consolidated net profit in the quarter ended March 2023, as per company filing made.
The total income rose to Rs 48,816.55 crore in the quarter from Rs 44,744.96 crore in the corresponding period of the previous year. The consolidated net profit for FY24 increased to Rs 21,332.45 crore from Rs 17,121.35 crore in the year-ago period.
In FY24, the total income surged to Rs 1,81,165.86 crore as against Rs 1,77,976.39 crore a year ago.
Read Also : EIL and GAIL achieve major milestoneThe company's board recommended a final dividend of Rs 3.25 per equity share for FY24. The final dividend is in addition to the first interim dividend at the rate of Rs 2.25 per share and the second interim dividend at the rate of Rs 2.25 per share of face value of Rs 10 each for 2023-24 paid in November and February, respectively.
The average tariff of the company was Rs 4.61 per unit during fiscal 2023-24 compared to Rs 4.89 per unit a year ago.
The gross electricity generation of NTPC increased to 93.387 billion units (BU) during the fourth quarter against 89.66 BU in the year-ago period. During FY 24, it jumped to 361.70 BU from 344.27 BU.
Read Also : Mahanadi Coalfields Places 289 Youths in IndustryThe coal output increased to 7.87 MMT in the quarter from 6.48 MMT a year ago and production also increased during the fiscal to 27.7 MMT from 20.23 MMT. Domestic coal supply improved to 61.6 MMT in the January-March quarter over 54.85 MMT in the same period last fiscal. During the fiscal, it also rose to 231.64 MMT from 209.29 MMT in 2022-23.
Meanwhile, Imported coal supply stood at 3.70 MMT in the quarter against 2.97 MMT a year ago. During the fiscal it was 9.57 MMT against 14.56 MMT in 2022-23.
The Power sector unit’s installed power generation capacity stood at 75,958 MW as of March 31, 2024.
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