NTPC Announces Record Financial Results for FY 2023-24

NTPC Limited., India’s largest integrated power utility with an installed group capacity of 76,015 MW, has declared its financial results for the financial year 2023-24 on May 24, 2024.

NTPC Group recorded the highest-ever annual electricity generation of 422 Billion Units in FY24, marking a 6 percent increase from the 399 BU generated in FY23. NTPC’s standalone gross generation in FY24 was 362 BU, up by 5 percent from 344 BU in the previous year.

NTPC Coal stations achieved a Plant Load Factor of 77.25 percent, significantly higher than the national average of 69.49 percent during FY24.

On a standalone basis, NTPC’s Total Income for FY24 was INR 1,65,707 crores, slightly down from INR 1,67,724 crores in the previous year. However, Profit After Tax for FY24 was INR 18,079 crores, a 5 percent increase from INR 17,197 crores in FY23.

On a consolidated basis, the Group’s Total Income for FY24 was INR 1,81,166 crores, a 2 percent rise from the previous year’s INR 177,977 crores. The Group’s Profit After Tax for FY24 was INR 21,332 crores, a notable increase of 24.60 percent from INR 17,121 crores in the previous year.

For FY24, the Board has recommended a final dividend of INR 3.25 per equity share, pending shareholder approval at the upcoming Annual General Meeting. Interim dividends totaling INR 4.50 per equity share were already paid in November 2023 and February 2024. 

The total dividend for the year would be INR 7.75 per equity share, up from INR 7.25 per equity share last year. This marks the 31st consecutive year of dividend payment by the company.