NTPC shares dropped more than 3% following the release of its second-quarter results for FY25. Despite a 14% year-on-year increase in consolidated net profit to ₹5,380 crore, the company’s revenue from operations declined slightly to ₹44,696 crore compared to the same period last year. NTPC’s board also announced an interim dividend of ₹2.5 per share.
The company, India’s largest integrated power utility, generated 220 billion units (BU) of electricity in the first half of FY25, up from 212 BU in the same period last year. However, gross electricity generation in Q2 fell to 88.46 BU from 90.30 BU a year earlier. This decline in generation, along with higher financing costs and operational expenses, contributed to the pressure on the company’s results.
Coal output from NTPC’s captive mines increased to 9.03 million metric tonnes (MMT) in the second quarter, compared to 5.59 MMT in the same period last year. Plant Load Factor (PLF), which measures the efficiency of power generation, fell to 72.28% for coal-based thermal power plants, down from 75.83% a year ago. However, NTPC’s coal stations achieved a higher PLF of 76.31% in H1 FY25, exceeding the national average of 70.63%.
As of the second quarter, NTPC’s total installed capacity stood at 76,443 MW, up from 73,824 MW a year ago. The company’s standalone capacity increased to 59,168 MW from 57,838 MW in the same period.
As of 11:01 am, NTPC shares were trading 3.16% lower at ₹398.90 on NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
