National Thermal Power Corporation (NTPC), the government-owned power behemoth on Saturday announced a nearly 5 per cent rise in its consolidated net profit to Rs 4,854.36 crore for the December quarter. In the Q3 of last fiscal, the company’s consolidated net profit was Rs 4,626.11 crore.
As per a BSE filing by NTPC, the firm’s consolidated revenue jumped to a whooping Rs 44,989.21 crore in Q3 of FY23 from Rs 33,783.62 crore in the year-ago period.
NTPC also reported a consolidated net profit of Rs 4776.61 crore attributable to owners in the third quarter of FY23, it was up 6.18 per cent from Rs 4498.58 crore in Q3 of FY22.
The board of directors of NTPC decided to pay an interim dividend at a rate of 42.50 per cent (Rs 4.25 per share) on the face value of paid-up equity shares with a par value of Rs 10 for the fiscal year 2022–2023, the company said.
Also Read: India’s Payments System Faster Than US, Europe And China, Says G20 Sherpa Amitabh Kant
The company’s average power tariff from April to December 2022 was Rs 4.96 per unit, up from Rs 3.95 per unit a year ago.
The plant load factor (PLF or capacity utilisation) of coal-based thermal power plants climbed to 68.85 per cent in the third quarter from 67.72 per cent.
Also Read: Budget 2023: Focus On Infra Development Can Create Jobs, Generate Demand And Sustain Growth
Compared to the same quarter a year prior, the supply of imported coal increased to 1.57 million metric tonnes (MMTs).
NTPC also said that from 54.96 MMT, the domestic coal supply dropped to 52.45 MMT. In comparison to the same quarter last year, captive mine coal production increased to 5.35 MMT.
As of December 31, 2022, the NTPC Group’s total installed capacity—including JVs and subsidiaries—was 70,884 MW. In the third quarter compared to the same period last year, its gross electricity generation increased to 78.64 billion units (BU) from 75.67 BU.