Business & Money

NTPC profit jumps 39% to ₹7,030 crore as revenue rises 21%

India’s state-owned power company NTPC reported a sharp rise in profit for the July to September quarter. Its net profit, counting only the share belonging to NTPC’s own shareholders, rose 38.7% from a year earlier to ₹7,029.56 crore, or about ₹7,030 crore. Revenue from operations rose 21.2% to ₹54,269.95 crore, from ₹44,784.05 crore in the same quarter last year. The results were filed with the stock exchanges on Saturday, 31 October.

The results also showed growth beyond NTPC’s main coal-fired power business. Revenue from its solar power stations rose to ₹1,138.23 crore, from ₹722.52 crore a year earlier, and revenue from selling energy through trading rose to ₹3,172.14 crore, from ₹2,655.43 crore. On its own, without counting subsidiaries, NTPC’s profit rose 14.3% to ₹5,319.94 crore.

NTPC’s board also declared the company’s first interim dividend of the financial year, of ₹3 per share. Shareholders on record on 6 November will be eligible, and payments are due to start from 25 November.

Why it matters

NTPC is one of India’s biggest power companies, so its results are a useful gauge of demand for electricity and of how the power sector is changing. Profit grew much faster than revenue, and the strong growth in solar and trading income shows the company is earning more from cleaner power and from buying and selling electricity, not just from its older plants. The dividend also puts cash directly into shareholders’ hands.

What happens next

Investors will watch how NTPC’s shares react when markets reopen on Monday, 2 November, since the results came out on a Saturday. Shareholders should also check whether they hold the shares on the 6 November record date to qualify for the ₹3 dividend, with payments due from 25 November.

This article is for general information and education only. It is not legal or financial advice.

Sources

Faizan Altaf

Faizan Altaf is the founder and author of findivoza.com, a news blog covering world, Pakistan, business, technology, health and sport in plain English. He writes for general readers who want clear, trustworthy news without jargon. His work focuses on explaining what happened, why it matters, and what to watch next.

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