NTPC Q3 results: Maharatna firm posts net profit of ₹4,711 cr; declares interim dividend of ₹25 per share

India’s largest power generation company and maharatna firm NTPC Ltd posted a net profit of ₹4,711.4 crore for the third quarter of the financial year 2024-25. NTPC’s profit after tax (PAT) came in below a CNBC-TV18 poll estimate of ₹4,822.3 crore but grew 3.1% year-on-year (YoY) from ₹4,571.9 crore in Q3FY24.

NTPC’s revenue for the quarter amounted to ₹41,352.3 crore, marking a growth of 4.8% YoY, compared to ₹39,455 crore in the same period last year. The revenue, however, fell short of the CNBC-TV18 poll estimate of ₹41,740 crore.

NTPC’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) jumped significantly by 20.3% YoY to ₹11,960.6 crore, from ₹9,941 crore in Q3 FY23.

The growth in EBITDA was driven by improved operational efficiency and a favorable power demand environment.

The company’s EBITDA margin also improved to 28.9% from 25.2% in the same quarter last year, exceeding the street’s expectation of 27.5%.

The Board of Directors approved a second interim dividend of 25% (₹2.5 per share) on equity shares with a face value of ₹10 for FY25. NTPC has set Friday, January 31, 2025, as the record date to determine shareholder eligibility for the second interim dividend and the payment is scheduled for February 18, 2025.

Meanwhile, the average tariff increased to ₹4.68 per unit for the nine months ending December 2024, compared to ₹4.57 per unit during the same period last year.

Operationally, NTPC demonstrated robust performance. Its gross power generation rose to 91.25 billion units (BU) in Q3, up from 89.46 BU a year ago, while coal production jumped to 10.98 million metric tonnes (MMT) from 8.09 MMT. The plant load factor (PLF) of coal-based plants also saw a slight improvement, rising to 75.98% from 75.95%.