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Business Economy


NTPC profit jumps 33pc to Rs 6,490 crore in Q4, dividend declared

New Delhi, May 24 (UNI) State-run power producer NTPC on Friday reported a 33.22% year-on-year rise in consolidated net profit at Rs 6490.05 crore for January-March quarter (Q4) of financial year 2023-24.
The company had posted a profit of Rs 4,871.55 crore in Q4 of the previous financial year 2022-23.
In the March quarter of FY24, NTPC reported a 9% increase in total income at Rs 48,816.55 crore as against Rs 44,744.96 crore in the same quarter of 2022-23.
The power major's consolidated net profit in the fiscal 2023-24 increased to Rs 21,332.45 crore from Rs 17,121.35 crore in 2022-23. The company's total income increased to Rs 1,81,165.86 crore in FY24 from Rs 1,77,976.39 crore in FY23.
The NTPC board in its meeting on Friday recommended the final dividend of Rs 3.25 per share for the financial year 2023-24, subject to the approval of the shareholders in the ensuing Annual General Meeting (AGM).
"The aforesaid final dividend is in addition to the first interim dividend at the rate of Rs 2.25 per share and second interim dividend at the rate of Rs 2.25 per share of face value of Rs 10 each for the financial year 2023-24 paid in November'23 and February'24, respectively," the power major said in a regulatory filing.
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