Public Regional power company NTPC Limited’s consolidated net profit has increased nearly 14 per cent to Rs 5,380.25 crore in the second quarter of the current financial year. NTPC on Thursday reported the results for the July-September quarter of 2024 to the stock market. Its net profit in the same period a year ago was Rs 4,726.40 crore. However, the company’s total revenue declined to Rs 45,197.77 crore in the latest quarter from Rs 45,384.64 crore in the year-ago quarter.
Dividend of 2.50 rupees
The company’s average tariff in the September quarter was Rs 4.67 per unit, compared to Rs 4.61 per unit in the year-ago period. The Board of Directors of NTPC also approved the first interim dividend of Rs 2.50 on the face value of paid up shares of Rs 10 each for the financial year 2024-25. The dividend payment date will be November 18, 2024. NTPC’s gross power generation declined to 88.46 billion units in the second quarter compared to 90.30 billion units a year ago. Its coal production from private consumption mines increased to 90.3 lakh tonnes in this quarter from 55.9 lakh tonnes in the same period last year.
The stock closed with profits
In the first half of the current financial year, coal production increased from 118.3 lakh tonnes to 186.7 lakh tonnes. NTPC, in a separate statement, said it has partnered with the Indian Army to set up a hydrogen-based solar microgrid in Chushul, Ladakh. The project will ensure a stable energy supply to military sites using green hydrogen. On Thursday, NTPC shares closed at Rs 411 with a gain of 0.86 per cent or Rs 3.50 on BSE.
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