NTPC Q4 Results: Net Profit Up 33%YoY to ₹6490.05 Crore

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Synopsis:

NTPC's Q4 FY24 results highlight dynamic growth and strategic vision. The company's total income rose to ₹48,816.55 crore, and net profit soared to ₹6,490.05 crore. For FY24, total income reached ₹1,81,165.86 crore, with net profit at ₹21,332.45 crore. The Board also recommended a dividend of ₹3.25 per share.

5 Key Financial Highlights

NTPC (National Thermal Power Corporation) has seen considerable growth in its numbers this quarter and in the entirety of FY24. Here are some of the main highlights from the NTPC Q4 Results:

Q4 Total Income up from ₹44,744.96 Crore to ₹48,816.55 Crore YoY

Q4 Net Profit up from ₹4,871.55 Crore to ₹6,490.05 Crore YoY

FY24 Total Income up from ₹1,77,976.39 Crore to ₹1,81,165.86 Crore YoY

FY24 Net Profit up from ₹17,121.35 Crore to ₹21,332.45 Crores YoY

A final dividend of ₹3.25 per share recommended

Explore: Ntpc Share Price

Key Business Updates:

NTPC received Two Silver Awards in Brandon Hall Group’s Excellence in Technology Awards

The company’s wholly owned subsidiary NGEL or NTPC Green Energy signed a Joint Venture Agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) to align with NTPC’s green energy objectives

NGEL signed another Joint venture Agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) on 28th Feb 2024 to develop Renewable Energy Parks in Maharashtra

NTPCREL (Renewable Energy Ltd) on 21st February 2024 in Rajasthan’s Chhattisgarh, declared commercial operation of 70 MW. This took the company’s installed capacity to 73958 MW

On 13th February 2024, NTPC signed an Agreement with AIIMS, New Delhi, to set up a “Patient – Attendant Waiting facility/Shelter” on the campus under its CSR initiative. The project has an estimated cost of ₹8 crores.

Profitability Analysis:

NTPC demonstrated a robust financial performance in Q4 and FY24. The total income for Q4 surged from ₹44,744.96 crore to ₹48,816.55 crore year-over-year (YoY), marking a substantial increase. Net profit for the same period saw a remarkable rise from ₹4,871.55 crore to ₹6,490.05 crore YoY. For the entire fiscal year, NTPC's total income increased from ₹1,77,976.39 crore to ₹1,81,165.86 crore YoY, while net profit soared from ₹17,121.35 crore to ₹21,332.45 crore YoY. This growth was supported by improved operational efficiency and strategic investments in renewable energy projects, highlighting NTPC's commitment to sustainable profitability.

Other Insights:

NTPC saw significant growth in this quarter and FY24 as well. However, apart from the numbers, the company also presented quite a few insights into its profitability, Here are some of them:

  1. NTPC announced the commercial operation of a thermal unit(800MW) of Telangana Super Thermal Power Project (STPP), Stage-I (2X800 MW) w.e.f. 00:00 Hrs. of 01.03.2024.
  1. The company’s coal mining subsidiary, NTPC Mining Ltd (NML) surpassed a milestone of producing 100 MMT of coal on 25th Feb 2024.
  1. NTPC’s Environmental, Social and Governance (ESG) Score saw improvement by two levels, transitioning from a ‘D’ rating in 2022 to a commendable ‘C’ rating in 2023, in its Carbon Disclosure Project (CDP) Water Security Rating
  1. On 18th December 2023, the company also achieved its fastest 300 Billion Units (BU) generation in a matter of 262 days only
  1. NTPC signed a non-binding Memorandum of Understanding (MoU) with RVUNL to add supercritical units to the existing Chhabra Thermal Power Plant

Additional read: Quarterly Results

Major Operational Metrics - Consolidated Q4 (FY2023-24) Financial Results of NTPC (in ₹ Crore)

Metrics

For Quarter Ended

For Year Ended

Q4FY24

Q3FY24

Q4FY23

FY24

FY23

Total income

48816.55

43574.65

44744.96

181165.86

177976.39

Profit before tax

8375.12

5134.38

6026.30

27141.45

24330.59

Profit for the period

6490.05

5208.87

4871.55

21332.45

17121.35

The Future of NTPC

NTPC has quite a bit lined up for the coming FY25. Here is a list:

NTPC and NTPC Renewable Energy Ltd (NRL) together are looking forward to building a partnership for Green Chemicals & Green Projects

NTPC Green Energy Ltd (NGEL) plans on collaborating with ONGC for renewable energy projects in both India and overseas. This includes offshore wind projects and exploring opportunities in Storage, E-mobility, Carbon Credits, Green Credits etc

NTPC Green Energy Ltd (NGEL) also tied up with Syama Prasad Mookerjee Port to set up a Green Hydrogen Hub

NTPC has also partnered with the Apollo group of Hospitals to introduce Tele-Emergency and Tele-ICU Services across its nine plant locations

With all these developments in mind and more, the path to FY25 looks like a profitable one for the company.

Conclusion

NTPC in its fourth quarter and FY24 saw significant growth in its numbers. With both its total income and profits increasing, the company also saw key business developments that pushed its production capacities and its collaboration projects even further.  

About The Company:

Formerly called National Thermal Power Corporation, the company is now recognized as NTPC. It is an Indian central Public Sector Undertaking (PSU) owned by the Ministry of Power and the Government of India. Headquartered in New Delhi, the company mainly delves into electricity generation and distribution to the country’s State Electricity Boards. The company also participates in contracts that involve engineering, project, construction and operation and management of power plants.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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Frequently Asked Questions

What was the total income that NTPC was able to make in Q4?

Answer Field

NTPC’s Q4 Total income came up to ₹48,816.55 crore from ₹44,744.96 crore YoY while its FY24 Total Income went up from ₹1,77,976.39 Crore to ₹1,81,165.86 Crore YoY. 

What are some of the main business updates for NTPC?

Answer Field

Seeing as the numbers of NTPC’s Q4 results have been quite profitable for the company, it also saw plenty of business updates. Here is a list of some of them:

 

●      NTPC received Two Silver Awards in Brandon Hall Group’s Excellence in Technology Awards

●      The company’s wholly owned subsidiary NGEL or NTPC Green Energy signed a Joint Venture Agreement with Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited (UPRVUNL) to align with NTPC’s green energy objectives

●      NGEL signed another Joint venture Agreement with Maharashtra State Power Generation Company Limited (MAHAGENCO) on 28th Feb 2024 to develop Renewable Energy Parks in Maharashtra

●      NTPCREL (Renewable Energy Ltd) on 21st February 2024 in Rajasthan’s Chhattargarh, declared commercial operation of 70 MW. This took the company’s installed capacity to 73958 MW

●      On 13th February 2024, NTPC signed an Agreement with AIIMS, New Delhi, to set up a “Patient – Attendant Waiting facility/Shelter” on the campus under its CSR initiative. The project has an estimated cost of ₹8 crores. 

What was the net profit for both Q4 and FY24 of NTPC?

Answer Field

NTPC saw its Q4 Net Profit went up from ₹4871.55 Crore to ₹6490.05 Crore YoY while its FY24 Net Profit went up from ₹171 21.35 Crore to ₹21332.45 Crores YoY

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