NTPC Ltd. Reports Record Annual Electricity Generation and Strong Financial Performance for FY

New Delhi: NTPC Ltd., India’s largest integrated power utility, announced its financial results for the fiscal year 2023-24, showcasing remarkable achievements in electricity generation and financial performance. The company, with an installed group capacity of 76,015 MW, has set new records in both operational and financial metrics.

NTPC Group achieved its highest-ever annual electricity generation, producing 422 billion units (BU) in FY24, marking a 6% increase from 399 BU in FY23. On a standalone basis, NTPC’s gross generation reached 362 BU, up from 344 BU in the previous fiscal year, reflecting a 5% growth.

The company’s coal stations attained a Plant Load Factor (PLF) of 77.25%, significantly outperforming the national average PLF of 69.49% during FY24.

On a standalone basis, NTPC reported a Total Income of ₹1,65,707 crores for FY24, compared to ₹1,67,724 crores in the previous year. The Profit After Tax (PAT) for FY24 stood at ₹18,079 crores, up 5% from ₹17,197 crores in FY23.

On a consolidated basis, NTPC Group’s Total Income for FY24 was ₹1,81,166 crores, an increase of 2% from ₹1,77,977 crores in the previous fiscal year. The Group’s PAT surged by 24.60%, reaching ₹21,332 crores compared to ₹17,121 crores in FY23.

In a move reflecting its robust financial health, NTPC’s Board has recommended a final dividend of ₹3.25 per equity share for FY24, pending shareholder approval at the upcoming Annual General Meeting. Interim dividends totaling ₹4.50 per equity share were already distributed in November 2023 and February 2024. The total dividend for FY24 amounts to ₹7.75 per equity share, compared to ₹7.25 per equity share last year. This marks the 31st consecutive year of dividend payments by NTPC.

“NTPC’s consistent performance in electricity generation and financial stability underscores our commitment to powering India’s growth while delivering value to our stakeholders,” said Gurdeep Singh, Chairman and Managing Director of NTPC Ltd. “Our record generation figures and strong financial results are a testament to our operational excellence and strategic initiatives.”

With its sustained focus on enhancing operational efficiency and exploring new growth avenues, NTPC is well-positioned to continue its trajectory of growth and contribution to India’s energy sector.

NTPC’s achievements in FY24 highlight the company’s pivotal role in ensuring reliable and efficient power supply, reinforcing its status as a cornerstone of India’s energy infrastructure.