Rs 2.25/Share Dividend Announced: Maharatna PSU Reports 7.3% YoY Jump In Net Profit

Large cap state run power generator NTPC Ltd shares witnessed a decline of 1.40% today after reporting a jump of 7.3% in its consolidated net profit to Rs 5,208.87 crore as compared to Rs 4,854.36 crore declared in the corresponding quarter of last year. Current market price of NTPC shares on BSE is Rs 320.10 apiece at the time of writing the story. NTPC stock rallied 90% in last 1-year and zoomed 128% in last 2-years. Check details below:

NTPC Declares Interim Dividend: The company as per its BSE filing dated January 29, 2024, "Board of Directors in its meeting decided, inter alia, to pay second interim dividend at the rate of 22.50% (Rs 2.25/- per share) on the face value of paid-up equity shares of Rs 10/- each for the financial year 2023-24. The date of payment / dispatch of dividend shall be 22 February 2024."

NTPC Sets Record Date For Second Interim Dividend: In the earlier BSE filing this month, NTPC fixed the record date as Feb 6, 2024 and stated, "the Company has fixed Tuesday, February 6, 2024 as the "RECORD DATE' for the purpose of ascertaining the eligibility of the shareholders for payment of second interim dividend, if declared by the Board."

NTPC Q3 Results: The company's revenue from operations for December 2023 quarter came at Rs 42,820.38 crore, down 3.9% from Rs 44,601.84 crore declared in the similar quarter of the last fiscal. NTPC's EBITDA arrived at Rs 12,116.42 crore, down 18% as against Rs 14,864.96 crore reported during the similar quarter last year. EBITDA margin fell by 5 percentage points to 28% from 33%. NTPC registered its gross power generation of 89.467 billion units (BU) during the quarter, up 13.76% than 78.646 BUs in the similar period of the previous year.

NTPC Stock Performance & Return: The 52-week high price of NTPC shares on BSE is Rs 325.70 apiece and 52-week low price is Rs 162.65 apiece, respectively. It has a market capitalisation of Rs 3,10,584.22 crore. NTPC shares witnessed surge of 36% in last 3-months, rose 52% in last 6-months, and rallied 90% in last 1-year. The scrip rallied 128% in last 2-years and offered return of 259% in last 3-years.

NTPC About: NTPC is India's largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. 4, 2023 as the "RECORD DATE" for the purpose of ascertaining the eligibility of the shareholders for payment of NTPC became a Maharatna company in May 2010. As of January 2020, there are 10 Maharatnas CPSEs in India. NTPC is ranked No. 2 Independent Power Producer(IPP) in Platts Top 250 Global Energy Company rankings.

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