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Below the Quote on NTPC Ltd. Q2FY25 Result by Manish Chowdhury, Head of Research, Stoxbox

NTPC Ltd. Q2FY25 Result First Cut - Net profit rose by 13%, while revenue experienced a slight decline

- For the quarter ended September 2024, NTPC Ltd. recorded a revenue of Rs. 44,696 crores (down 7.9% QoQ / down 0.6% YoY).
- On the operating costs side, fuel costs remained lower at Rs. 24,225 crores (down 13.0% QoQ / down 5.4% YoY).
- The company earned an EBITDA of Rs. 11,657 for Q2FY25 (down 16.8% QoQ / down 8.1% YoY).
- The EBITDA margin for the quarter stood at 26.1% (Q1FY25: 28.9% / Q2FY24: 28.2%), while the PAT margin stood at 7.7% (Q1FY25: 14.1% / Q2FY24: 10.9%). The contraction of margins was majorly due to the increase in other expenses (up 69% QoQ / up 57.7% YoY).
- The EPS during the quarter ended September 2024 stood at Rs. 5.4 (down 3.7% QoQ / up 14.3% YoY).
- The NTPC’s installed capacity during the September 2024 quarter stood at 76,443 MW (Q1FY25: 73,824 MW).
- The All-India Plant Load Factor (PLF) for the company stood at 72.28% for the September 2024 quarter compared to 75.83% for the quarter ended September 2023. The plant availability factor (PAF) for the coal plant stood at 72.28% (Q1FY25: 92.85% / Q2FY24: 75.83%)
- The coal procured from captive mines stood at 9.03 MMT (down 6.0% QoQ / up 61.5% YoY). This increase was due to higher energy demand due to rising economic activities and heightened domestic consumption demand.
- The gross energy generation for the company during the quarter stood at 88.46 billion units (down 10.6% QoQ / down 2.04% YoY).
- The average tariff during the quarter ended September 2024 stood at Rs. 4.67 per unit compared to Rs. 4.61 per unit during the quarter ended September 2023.
- The company also declared its first interim dividend of Rs. 2.50 for the financial year 2023-24.
 

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