India's leading power-generating company, NTPC Ltd shares will be in focus on Monday after its quarterly and year-ending earnings report for FY24. NTPC has also declared a final dividend of Rs 3.25 per share, which will be its 31-consecutive yearly payout. Broadly, NTPC's electricity generation came in highest ever, while FY24 PAT surged by nearly 25% YoY.
NTPC Share Price:
On BSE, NTPC stock ended at Rs 374.85 apiece, up by nearly 1% after market hours of May 24 with a market cap of Rs 3,63,479.53 crore. NTPC's stock is closing its gap towards a 52-week high of Rs 380.40 apiece, while it has given impressive returns from its 52-week low of Rs 171.90 apiece.
YTD, and NTPC shares are up by 21%. In a year, the stock rallied by nearly 115%.
NTPC Dividend:
To exit the financial year 2023-24, NTPC has announced a final dividend of Rs 3.25 per share. In percentage terms, the payout will be of 32.50%. The record date to determine eligible shareholders for the final dividend of FY24 will be announced in due course.
The upcoming payout will be in addition to NTPC's first interim dividend at the rate of Rs 2.25 per share and a second interim dividend of Rs 2.25 per share having a face value of Rs 10 each for FY24. The first and second interim dividend was paid in November last year and February 2024.
That being said, the total dividend for the year would be Rs 7.75 per equity share as compared to Rs 7.25 per equity share last year. This is the 31st consecutive year of dividend payment by the company.
As per Trendlyne data, the company has delivered up to 41 dividends since February 2005. Currently, it has a dividend yield of 2%.
NTPC Earnings:
As per Power Ministry, NTPC Group recorded the highest-ever annual electricity generation of 422 Billion Units in FY24 as compared to 399 Billion Units in FY23, an increase of ~6%. NTPC's standalone gross generation in FY24 was 362 Billion Units as compared to 344 Billion Units in the previous year, registering an increase of ~5%.
Further, NTPC Coal stations achieved a Plant Load Factor of 77.25% as against the National Average of 69.49% during FY24.
On a standalone basis, the Total Income of NTPC for FY24 was ₹ 1,65,707 crores as against the previous year's Total Income of ₹ 1,67,724 crores. Profit After Tax for FY24 was ₹ 18,079 crores as against ₹ 17,197 crores in FY23, an increase of ~5%.
On a consolidated basis, the Total Income of the Group for FY24 was ₹ 1,81,166 crores as against the previous year's Total Income of ₹ 177,977 crores, registering an increase of ~2%. Profit After Tax of the group for FY24 was ₹ 21,332 crores as against the corresponding previous year PAT of ₹ 17,121 crores, registering an increase of 24.60%.
About NTPC Ltd:
NTPC is India's largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. Since then it has established itself as the dominant power major with a presence in the entire value chain of the power generation business. From fossil fuels, it has forayed into generating electricity via hydro, nuclear and renewable energy sources. This foray will play a major role in lowering its carbon footprint by reducing greenhouse gas emissions. To strengthen its core business, the corporation has diversified into the fields of consultancy, power trading, training of power professionals, rural electrification, ash utilisation and coal mining as well. NTPC became a Maharatna company in May 2010.
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