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Informist, Thursday, Oct. 24, 2024

 

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--NTPC Apr-Sept revenue INR 847.47 bln vs INR 799.98 bln year ago 
--NTPC Apr-Sept net profit INR 91.60 bln vs INR 79.51 bln year ago 
--NTPC to pay INR 2.50 per share interim dividend 
--NTPC Jul-Sept revenue INR 403.28 bln vs INR 408.75 bln year ago 
--NTPC Jul-Sept net profit INR 46.49 bln vs INR 38.85 bln year ago 
--Analysts saw NTPC Jul-Sept net profit INR 43.33 bln 
--NTPC Jul-Sept net profit INR 46.49 bln 

 

By Anand JC

 

MUMBAI – NTPC Ltd.'s net profit in the September quarter was INR 46.49 billion, driven by higher regulated equity. Profit after tax for the latest quarter was 19.67% higher than INR 38.85 billion in the same quarter last year. Analysts had estimated a net profit of INR 43.33 billion for the September quarter. Analysts saw NTPC's regulated equity in the September quarter at INR 885 billion, 9% higher on year. NTPC functions on a tariff model regulated by the Central Electricity Regulatory Commission, which provides it fixed returns on power generation assets.

 

In Jul-Sept, the company's revenue from operations was INR 403.27 billion, 1.3% lower on year. Other income for NTPC was INR 9.17 billion in the latest quarter, 42.74% higher on year. NTPC's finance cost in the September quarter wss INR 31.07 billion, 26% higher than INR 24.64 billion incurred in the corresponding period a year ago. Other expenses increased to INR 55.51 billion in the September quarter from INR 34.79 billion last year.

 

NTPC's profit after tax in Apr-Sept was INR 91.60 billion, 15.2% higher on year while the topline was INR 847.47 billion in the same period, nearly 6% higher on year. The company's average tariff in Apr-Sept was INR 4.67, 1.3% higher on year. NTPC group's installed capacity as of Sept. 30, 2024, was 76,443 megawatt, 3.5% higher on year. On a standalone basis, NTPC's installed capacity was 59,168 MW, 2.3% higher on year. Gross generation in Jul-Sept was 88.46 billion units, 2% lower on year while in Apr-Sept, it was 186.35 billion units, 4.2% higher on year. 

 

NTPC's coal plant load factor decreased to 72.28% in Jul-Sept from 75.83% in the same quarter a year ago. In Apr-Sept, the coal plant load factor remained largely unchanged on year at 76.31%. The coal plant availability factor in Jul-Sept was 84.93%, 5.19% lower on year. In Apr-Sept, the coal plant availability factor was 88.87%, down 4.45% on year.

 

NTPC's EBIT from its power generation business increased 21% on year to INR 88.18 billion in the September quarter. The company's tax outgo in Jul-Sept was INR 6.82 billion, 24.46% lower than INR 9.02 billion a year ago. However, its deferred tax in the latest quarter was INR 7.19 billion, higher than INR 5.36 billion a year ago.

 

Total expenses incurred by NTPC in Jul-Sept were INR 374.06 billion, higher than INR 362.66 billion seen a year ago. Net regulatory deferral account recoverable in the September quarter was INR 22.12 billion against that of INR 753.4 million in the same quarter last year. 

 

The company released its quarterly earnings after market hours. The management was due to address analysts in a post-earnings call Thursday, but re-scheduled it for Friday. Thursday, shares of NTPC closed 0.9% higher at INR 411.90 per share on the National Stock Exchange.  End

 

Edited by Deepshikha Bhardwaj

 

 

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