NTPC Ltd, India’s largest power generating company, reported a 16.87% year-on-year rise in standalone profit after tax (PAT) to ₹3,676.43 crore for Q1 FY23, helped by strong growth in generation and higher income.
The state-run power major declared its unaudited June quarter results on July 29, 2022, with the group’s installed capacity standing at more than 69 GW at the time.
Generation rises 22% YoY
NTPC Group generated 104.42 billion units (BU) in the June quarter, compared with 85.81 BU in the corresponding period last year, marking a growth of nearly 22%.
Standalone gross generation rose to 86.88 BU, up from 71.75 BU in Q1 FY22, registering an increase of around 21%.
The company’s coal-based stations continued to outperform industry benchmarks, reporting a plant load factor (PLF) of 80.39%, significantly above the national average of 69.49% during the quarter.
Standalone income jumps 46%
On a standalone basis, NTPC’s total income surged 46.27% to ₹39,202.74 crore, compared with ₹26,802.25 crore in the year-ago quarter.
Profit growth remained healthy, with PAT rising from ₹3,145.63 crore to ₹3,676.43 crore.
Consolidated PAT up 15.5%
At the group level, consolidated total income increased 43.34% to ₹43,560.72 crore, versus ₹30,390.60 crore in Q1 FY22.
Consolidated PAT stood at ₹3,977.77 crore, up 15.51% from ₹3,443.72 crore in the corresponding quarter last year.
Strong operational performance supports earnings
The quarter reflected strong operating efficiency, higher generation volumes, and superior PLF performance, reinforcing NTPC’s position as the country’s dominant thermal power producer.
Higher electricity demand and improved utilisation levels across coal stations played a key role in supporting both revenue and profitability growth.
