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TFP Bureau, New Delhi, May 26, 2024: NTPC Ltd., India’s leading integrated power utility, announced its audited financial results for the fiscal year 2023-24, revealing robust growth across key metrics.
With an installed group capacity of 76,015 MW, NTPC Group recorded its highest-ever annual electricity generation of 422 Billion Units in FY24, marking a notable increase of approximately 6% from the previous fiscal year’s 399 Billion Units. NTPC’s standalone gross generation also surged to 362 Billion Units, up by approximately 5% from FY23.
The company’s coal stations achieved an impressive Plant Load Factor of 77.25% during FY24, surpassing the national average of 69.49%.
In terms of financial performance, NTPC reported a Total Income of ₹1,65,707 crores on a standalone basis for FY24, slightly lower than the previous year’s figure of ₹1,67,724 crores. However, Profit After Tax (PAT) for FY24 stood at ₹18,079 crores, reflecting a commendable increase of approximately 5% from FY23’s ₹17,197 crores.
On a consolidated basis, the NTPC Group’s Total Income for FY24 reached ₹1,81,166 crores, up by approximately 2% from ₹1,77,977 crores in the previous fiscal year. PAT for the group surged to ₹21,332 crores, a substantial increase of 24.60% from FY23’s ₹17,121 crores.
In light of the strong financial performance, the Board has recommended a final dividend of ₹3.25 per equity share for FY24, subject to shareholder approval at the upcoming Annual General Meeting. Combined with interim dividends totaling ₹4.50 per equity share paid earlier in the year, the total dividend for FY24 stands at ₹7.75 per equity share, marking the 31st consecutive year of dividend payment by the company.
