Energy major NTPC reported its earnings for the quarter ended March after market close on Friday.

What Happened: The state-owned company’s net profit came in at ₹6490.05 crore, up around 33% from the ₹4871.55 crore posted in the same quarter last year. Revenue from operations for the quarter was at ₹47,622, up around 7.6% ₹44,253.17 crore posted in the corresponding quarter of last year.

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The company also declared a ₹3.25 per share final dividend for the year ended March 2024. At the end of March 2024, installed capacity grew to 75,958 megawatts, compared to 72,254 megawatts posted at the end of March 2023.

The company also informed that its board has given the in-principle approval for the incorporation of a wholly-owned subsidiary company for undertaking a Nuclear Energy Business. This is subject to the PSU subject to the approval of the Ministry of Power, DIPAM Niti Aayog and/or other statutory authorities as may be required.

Price Action: NTPC’s share price was up 0.71% to close at ₹374.95 on Friday.

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