NTPC Reports Strong H1 FY24 Results Thanks to Substantial Increase in Power Generation

NTPC India power project

NTPC Ltd, India’s largest power generator, announced its financial results for the first half of the fiscal year ending on September 30, 2023, revealing robust performance and significant growth.

Highlights of NTPC’s H1 FY24 Results:

Impressive Power Generation: The NTPC Group reported a substantial increase in power generation, producing 212 billion units in H1 FY24 compared to 204 billion units in the same period last year. NTPC’s standalone gross generation reached 179 billion units in H1 FY24, up from 176 billion units in the corresponding previous period.

Remarkable Plant Load Factor (PLF): NTPC’s coal stations achieved an exceptional Plant Load Factor of 76.62 percent during H1 FY24, surpassing the national average of 68.75 percent. This achievement underscores NTPC’s operational excellence and commitment to meeting India’s power demands.

Standalone Financial Performance: On a standalone basis, NTPC reported a total income of Rs 81,199 crore for H1 FY24, compared to Rs 82,537 crore in the corresponding previous period. Notably, the Profit After Tax (PAT) for H1 FY24 stood at Rs 7,951 crore, reflecting a remarkable 13 percent increase from Rs 7,048 crore in H1 FY23. This growth can be attributed to capacity expansion and enhanced station availability.

Consolidated Financial Performance: On a consolidated basis, NTPC Group reported a Total Income of Rs 88,775 crore for H1 FY24, surpassing the previous period’s total income of Rs 88,242 crore. The Group’s Profit After Tax (PAT) for H1 FY24 reached Rs 9,634 crore, marking a significant 30 percent increase from the corresponding previous period’s PAT of Rs 7,396 crore.

NTPC continues to play a pivotal role in India’s power sector, contributing to the country’s economic growth and energy security. With a growing commitment to sustainability and innovation, NTPC remains a leader in the power generation industry.