NTPC Q1 Results: Net Profit Rises 9.4% To Rs 4,066 Crore, Coal Output Up 52%

The NTPC reported a gross power generation of 88.55 billion units (BU) in Q1 FY24, reflecting a decrease of 2.16 per cent compared to 90.50 BUs generated during the same period last year.

NTPC, the state-run power producer, posted a consolidated net profit of Rs 4,066 crore in the first quarter of the financial year 2023-24 (Q1 FY24), marking a 9.4 per cent increase from the Rs 3,717 crore earned in the same period last year. The company's revenue from operations stood at Rs 39,122 crore in Q1 ended June 31, 2023, down 2.3 per cent as compared to Rs 40,026 crore reported in the same quarter of the FY23. 

One of India's largest power producers in, an exchange filing on Saturday, said, "The comparative figures for the quarter ended 30 June 2022 are restated on account of merger of two wholly-owned subsidiaries in the previous year for which accounting has been done."

Total expenses for the quarter were Rs 33,528.14 crore, compared to Rs 35,598.4 crore a year ago. During the quarter, the fuel cost, constituting a major portion of total expenses, declined by 11 per cent year-on-year, amounting to Rs 22,850.27 crore.

The operating profit, measured as EBITDA (earnings before interest, taxes, depreciation, and amortization), witnessed an impressive year-on-year growth of almost 17 per cent to reach Rs 11,369.40 crore. Furthermore, the operating margin saw a rise of 471 basis points, reaching 29.06 per cent.

In Q1 FY24, the NTPC reported a gross power generation of 88.55 billion units (BU), reflecting a decrease of 2.16 per cent compared to 90.50 BUs generated during the same period last year.

NTPC produced 6.24 million tonnes of coal in the quarter, up 52 per cent compared to 4.10 million tonnes a year ago. The plant load factor (PLF) at coal units across India increased to 70.38 per cent in Q1 FY24 from 69.23 per cent a year ago. PLF is a measure of the average capacity utilization of a thermal power unit, representing the output of a power plant compared to its maximum potential output.

The PSU installed capacity at the Group level stood at 73,024 MW in the first quarter, up by 3,910 MW from the Q1 FY23. At the standalone level, NTPC’s total installed capacity was 57,038 MW.

The average tariff during the quarter was Rs 4.53 per unit, compared to Rs 4.57 a year ago. 

On Friday, the company's shares closed at Rs 210 per share on the BSE, registering an increase of nearly 4 per cent ahead of the result announcement. During intraday trading, the company's shares reached a 52-week high of Rs 210.40 each.