NTPC Q3 Net Profit Jumps 5% To Rs 4,854 Crore; 42.5% Interim Dividend Declared

Last Update: January 28, 2023, 5:26 pm IST

NTPC's average power tariff during April-December 2022 stood at Rs 4.96 per unit as compared to Rs 3.95 per unit a year ago.

NTPC’s average power tariff during April-December 2022 stood at Rs 4.96 per unit as compared to Rs 3.95 per unit a year ago.

NTPC’s total income rose to Rs 44,989.21 crore in the December 2023 quarter from Rs 33,783.62 crore in the year-ago period.

State-owned power major NTPC on Saturday reported a nearly 5 per cent rise in its consolidated net profit at Rs 4,854.36 crore for the December quarter, mainly due to higher revenue. The company’s consolidated net profit for the quarter ended December 31, 2021, stood at Rs 4,626.11 crore, according to a BSE filing.

Total income for the quarter rose to Rs 44,989.21 crore as against Rs 33,783.62 crore in the year-ago period.

“The Board of Directors, in its … meeting, decided to pay an interim dividend for the financial year 2022 at the rate of 42.50 per cent (Rs 4.25 per share) on the face value of paid-up equity shares of Rs 10 each. -23,” NTPC said in the filing.

According to the filing, the date of payment or dispatch of dividend has been fixed as February 24, 2023.

NTPC’s average power tariff during April-December 2022 stood at Rs 4.96 per unit as compared to Rs 3.95 per unit a year ago. Its plant load factor (PLF or capacity utilisation) of coal-based thermal power plants increased to 68.85 per cent from 67.72 per cent in the third quarter.

Imported coal supplies increased to 1.57 MMT in the quarter from 0.52 MMT in the year-ago period.

Domestic coal supply decreased from 54.96 MMT to 52.45 MMT. Coal production from captive mines stood at 5.35 MMT in the quarter as against 4 MMT in the year-ago period.

The total installed capacity of NTPC group (including JVs and subsidiaries) stood at 70,884 MW as on December 31, 2022. Its gross electricity generation increased to 78.64 billion units (BU) from 75.67 BU in the third quarter. first.

(With inputs from PTI)

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