NTPC announced its results for the June quarter on July 27.
What Happened: The power major saw its consolidated net profit rise 12.20% to ₹5,506.07 crore in the June quarter. Its revenue from operations surged by 12.64% to 48,520.57 crore.
The profit missed JM Financial analyst’s estimates of ₹5282.9 crore net profit while the revenue beat the firm’s estimate of ₹44,300 crore revenue.
NTPC’s consolidated installed capacity increased to 76,048 megawatt from 73,024 megawatt in the previous year. The company also saw a gross generation of 97.86 billion units in the quarter compared to 88.546 billion units in the previous year.
See Also: BHEL Gets LoI For ₹10,000 Cr Order From Damodar Valley Corporation For Thermal Power Station
The company also announced August 7 as the record date for the final dividend of ₹3.25 per share announced for the financial year 2023-24.
Antique Broking in its preview said the company would benefit from the increase in power demand in the country.
In the Union Budget, Finance Minister Nirmala Sitharaman announced a joint venture between NTPC and BHEL to develop a full-scale 800 mega watt commercial thermal plant using AUSC (Advanced Ultra Supercritical) technology.
Earlier in July, Goldman Sachs had kept its bullish stance on NTPC and included it on its high-conviction list in the Asia Pacific (APAC).
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