New Delhi: NTPC Ltd., India's largest integrated power utility, reported unaudited financial results for the half-year ending September 30, 2023, with standalone PAT up 13% to Rs. 7,951 crore and consolidated PAT up 30% to Rs. 9,634 crore.
The company's standalone total income for the half-year was Rs. 81,199 crore, down slightly from Rs. 82,537 crore in the same period last year. Consolidated total income for the period was Rs. 88,775 crore, up from Rs. 88,242 crore in the same period last year.
NTPC's coal stations achieved a plant load factor (PLF) of 76.62% during the half-year, as against the national average of 68.75%. The company's standalone gross generation in H1 FY24 was 179 billion units, up from 176 billion units in the corresponding previous period. NTPC Group generated 212 billion units in H1 FY24, as compared to 204 billion units in H1 FY23.
The company's board of directors has approved an interim dividend of 22.5% of paid-up share capital, or Rs. 2.25 per equity share of face value of Rs. 10 each, for FY24.
Commenting on the results, Gurdeep Singh, CMD, NTPC, said:
We are pleased to report strong financial results for the first half of FY24. Our performance was driven by capacity addition, higher station availability, and improved operational efficiency. We are also making good progress on our renewable energy and green hydrogen initiatives. We remain committed to providing reliable and affordable power to our customers, while also contributing to the nation's energy security and sustainable development goals.
NTPC is India's largest power generator, with an installed capacity of over 74 GW. The company has a diversified portfolio of generation assets, including coal, gas, hydro, solar, and wind. NTPC is also a leading player in the renewable energy sector, with a target of achieving 10 GW of installed renewable energy capacity by 2025