NTPC Q3 profit up 25% to Rs 4,132 cr
State-owned NTPC reported a 24.6% year-on-year (y-o-y) increase in its standalone net profit to Rs 4,131.9 crore in the three months ended December mainly on higher power sales. NTPC revenue increased 18.1% to Rs 29,837.1 crore in Q3 as the power company sold 67.6 billion units of electricity in the period, 11.4% higher than the corresponding period last fiscal. The company’s board has approved an interim dividend of Rs 4 per share for FY22.
Expenses, mostly comprising fuel cost, grew 12.5% to Rs 24,428.1 crore. Overall coal consumption in the quarter increased by 16.4%y-o-y to 53.3 million tonne (MT), and the company’s coal imports doubled to 0.5 MT in the same period. Coal output from its newly-commissioned captive mines increased 55.6% to 4 MT. NTPC coal-based power stations achieved utilisation levels (PLF) of 68.9% in the first nine months of the fiscal, against the national average PLF of 57%. The company sold power at an average tariff of Rs 3.91 per unit in the same period.
