NTPC Group Electricity Generation up by 6%
FinTech BizNews Service
Mumbai, May 25, 2024: NTPC Ltd., India’s largest integrated power utility, with an installed group capacity of 76,015 MW, has declared the financial results for the financial year 2023-24, on 24th May, 2024.
NTPC Group recorded the highest-ever annual electricity generation of 422 Billion Units in FY24 as compared to 399 Billion Units in FY23, an increase of ~6%. NTPC’s standalone gross generation in FY24 was 362 Billion Units as compared to 344 Billion Units in the previous year, registering an increase of ~5%.
NTPC Coal stations achieved a Plant Load Factor of 77.25% as against the National Average of 69.49% during FY24.
On standalone basis, the Total Income of NTPC for FY24 was Rs 1,65,707 crores as against the previous year's Total Income of Rs 1,67,724 crores. Profit After Tax for FY24 was Rs18,079 crores as against Rs17,197 crores in FY23, an increase of 5%.
On a consolidated basis, the Total Income of the Group for FY24 was Rs 1,81,166 crores as against the previous year's Total Income of Rs177,977 crores, registering an increase of 2%. Profit After Tax of the group for FY24 was Rs21,332 crores as against the corresponding previous year PAT of Rs17,121 crores, registering an increase of 24.60%.
For FY24, the Board has recommended a final dividend @ Rs 3.25 per equity share, subject to the approval of shareholders in the ensuing Annual General Meeting. Interim dividends for the FY24 totaling Rs4.50 per equity share have already been paid to the investors in the months of November 2023 and February 2024. The total dividend for the year would be ₹7.75 per equity share as compared to ₹7.25 per equity share last year. This is the 31st consecutive year of dividend payment by the company.
