NTPC declares FY24 audited results with group Electricity Generation up by 6%, PAT up by 25%
NTPC Ltd declared its financial results for the fiscal year 2023-24, reporting a significant increase in electricity generation and profitability. The company, India’s largest integrated power utility with an installed group capacity of 76,015 MW, achieved its highest-ever annual electricity generation of 422 Billion Units in FY24, up by approximately 6% from 399 Billion Units in FY23. The standalone gross generation for NTPC in FY24 was 362 Billion Units, compared to 344 Billion Units in the previous year, representing a 5% increase. NTPC Coal stations also demonstrated outstanding performance, achieving a Plant Load Factor of 77.25% in FY24, surpassing the National Average of 69.49%.
In terms of financial performance, NTPC’s Total Income for FY24 stood at ₹ 1,65,707 crores, slightly lower than the previous year’s Total Income of ₹ 1,67,724 crores. However, the Profit After Tax (PAT) for FY24 increased to ₹ 18,079 crores, up from ₹ 17,197 crores in FY23, reflecting a growth of approximately 5%. On a consolidated basis, the Total Income of the NTPC Group for FY24 was ₹ 1,81,166 crores, up by about 2% from ₹ 177,977 crores in the previous year. The Group’s PAT for FY24 was ₹ 21,332 crores, showing a significant growth of 24.60% from ₹ 17,121 crores in the corresponding previous year.
The company’s Board has recommended a final dividend of ₹ 3.25 per equity share for FY24, subject to shareholder approval in the Annual General Meeting. Including the interim dividends totaling ₹ 4.50 per equity share already paid in November 2023 and February 2024, the total dividend for FY24 would be ₹ 7.75 per equity share, up from ₹ 7.25 per equity share last year. This marks the 31st consecutive year of dividend payment by NTPC.
These results underscore NTPC’s strong operational performance and financial resilience in a challenging environment. The company remains committed to its mission of delivering sustainable and reliable power to meet India’s growing energy needs.
