NTPC Q1 Results: Revenue up over 13%, beating market estimates, margin down

NTPC reported a 13.5% year-on-year growth in revenue at ₹44,419 crore for the April-June 2024 quarter, beating estimates of a CNBC-TV18 poll, the state-owned power generation utility’s financial results showed on July 27. The company’s revenue stood at ₹39,122 crore in the corresponding quarter of the last fiscal.

The company’s profit rose 11% year-on-year to ₹4,511 crore in the first quarter of FY25 from ₹4,066 crore in the same quarter of the previous fiscal. The profit was also higher by a percentage point than the survey forecast.

According to a regulatory filing by NTPC, EBITDA, or earnings before interest, tax, depreciation and amortisation, rose 9.5% from the June quarter of the previous fiscal year. At ₹12,466 crore, it was 4.6% higher than the survey estimate of ₹11,922 crore.

However, the energy company’s margin fell 100 basis points to 28% and was also 80 basis points below the estimate for the quarter under review.

Total income rose to ₹48,981.68 crore from ₹43,390.02 crore in the same period a year ago. Expenditure stood at ₹41,844.18 crore as against ₹36,963.61 crore a year ago.

NTPC’s consolidated power generation increased to 114 billion units (BU) in Q1 FY25 from 104 billion units in Q1 FY24.

The company’s independent electricity production amounted to 98 billion units, up from 88 billion units during the same period last year.

NTPC’s coal-fired power plants achieved a capacity utilisation factor of 80.39 per cent in the first quarter of FY2025, while the national average was 76.19 per cent.

NTPC, which comes under the Ministry of Power, is India’s largest power generation company with an installed capacity of 76 gigawatts.

(With agency guidance)