NTPC Shares Jump 3% After Q1 Earnings; Hit 52-week High

Shares of NTPC on Monday climbed 3 per cent to reach its 52-week high level after the company posted over 23 per cent rise in consolidated net profit in the April-June quarter of 2023-24.

The stock jumped 3 per cent to hit its 52-week high of Rs 216.45 on the BSE.

At the NSE, shares of the company climbed 3 per cent to reach its 52-week high of Rs 216.50.

NTPC Earnings

State-owned power giant NTPC on Saturday posted over 23 per cent rise in consolidated net profit at Rs 4,907.13 crore in June quarter of the current fiscal.

In the year-ago period, net profit was Rs 3,977.77 crore, NTPC said in a BSE filing.

Total revenue from operations dipped slightly to Rs 43,390.02 crore from Rs 43,560.72 crore in the same period a year ago.

On a standalone basis, total income of NTPC in Q1 FY24 was Rs 39,681 crore as against Rs 40,726 crore earlier.

Profit After Tax (PAT) on standalone basis was Rs 4,066 crore as against Rs 3,717 crore in Q1 FY23, registering an increase of 9.39 per cent, it stated.

"NTPC Group generated 103.98 Billion Units in Q1 FY24 as compared to 104.42 Billion Units in Q1 FY23. NTPC's standalone gross generation in Q1 FY24 is 88.55 Billion Units as compared to 90.49 Billion Units in the corresponding previous period," it said.

Published on: Monday, July 31, 2023, 10:53 AM IST