NTPC posted its earnings for the quarter ended September on Thursday evening.
What Happened: The PSU reported a standalone net profit of ₹4,648 crore, a 19.7% jump from the ₹3,885 crore profit posted in the same quarter last year.
Revenue from operations for the September quarter came in at ₹40,327 crore, a 1.34% dip from the ₹40,875 crore posted in the corresponding quarter of the previous year.
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While the company’s revenue missed street estimates, profit was ahead of expectations. On average, analysts expected the company to post a revenue of ₹42,219.9 crore with a net profit of ₹4,356 crore.
The company’s board also declared the first interim dividend of ₹2.50 per share for the year ending March 2025. The date of the dividend payment is scheduled to be November 18, 2024.
The company reported a 2% year-on-year drop in gross generation from 90.302 billion units to 88.463 billion units. Commercial generation decreased from 89.871 billion units to 88.463 billion units, a decrease of 1.5% YoY.
Price Action: NTPC’s share price closed 0.88% higher at ₹411.90 on Thursday.
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