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  1. NTPC shares rise up to 3% as Q1 net profit increases 12% to ₹5,506 crore; check details

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NTPC shares rise up to 3% as Q1 net profit increases 12% to ₹5,506 crore; check details

Upstox

2 min read | Updated on July 29, 2024, 11:00 IST

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SUMMARY

State-owned NTPC reported a 12% increase in its consolidated net profit to ₹5,506 crore for Q1 FY25, backed by higher income. In the year-ago period, its net profit was ₹4,907.1 crore.

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NTPC's expenses were reported at ₹41,844.1 crore compared to ₹36,963.6 crore a year ago.

Shares of state-run power generation company NTPC were trading in the positive territory on Monday after it posted financial results for the first quarter of fiscal year 2024-25.

The stock rose as much as 3% to ₹408.30 on the National Stock Exchange (NSE). At 9:31 am, it was trading at 2.5% higher at ₹406.4.

It gained 2.8% to ₹387.3 on the BSE.

NTPC Q1 results

The state-owned company reported a 12% increase in its consolidated net profit to ₹5,506 crore for Q1 FY25, backed by higher income. In the year-ago period, its net profit was ₹4,907.1 crore.

Total income stood at ₹48,981.6 crore in the quarter under review, up 12.8% from ₹43,390.02 crore in the corresponding period a year ago.

Expenses were reported at ₹41,844.1 crore compared to ₹36,963.6 crore a year ago.

NTPC's consolidated power generation capacity jumped 114 billion units (BUs) in the first quarter of the current fiscal year, compared to 104 BUs in Q1 FY24.

On a standalone basis, the company reported a net profit of ₹4,511 crore, around 11% higher compared to ₹4,066 crore in the year-ago period.

Total income was at ₹45,053 crore as against ₹39,681 crore in April-June 2023-24.

The company's standalone power generation was at 98 billion units, higher than 88 billion units in the year-ago period.

NTPC coal stations achieved a plant load factor of 80.3% during Q1 FY25, which is against the national average of 76.1%.

Under the Ministry of Power, NTPC is India's largest power generation company, with an installed capacity of 76 gigawatts (GW).

With PTI inputs
Uplearn

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