NTPC Ltd reported a 22.6% sequential rise in consolidated net profit for the fourth quarter of FY24 at ₹5,778 crore, falling marginally short of CNBC-TV18’s poll estimate of ₹5,810 crore. Revenue for the quarter stood at ₹43,903.7 crore, up 6% from ₹41,368 crore in the third quarter, but also below the estimated ₹46,562 crore.
Operating performance was weaker than expected, with EBITDA slipping 6% quarter-on-quarter to ₹11,255 crore, versus a poll estimate of ₹13,318 crore. Operating margin contracted to 25.6% from 28.9% in the previous quarter and missed the forecasted 28.6%.
The company also informed that the Board has approved a final dividend of ₹3.35 per share for its investors. Earlier in the financial year, the company had also paid two interim dividends of ₹2.50 each.
The shares of the company ended nearly a percent in the green on Friday, May 23. The stock has gained 3.28% in the session so far.
Also Read: Nibe secures ₹150.6 crore defence order from Israel-based OEM
Operating performance was weaker than expected, with EBITDA slipping 6% quarter-on-quarter to ₹11,255 crore, versus a poll estimate of ₹13,318 crore. Operating margin contracted to 25.6% from 28.9% in the previous quarter and missed the forecasted 28.6%.
The company also informed that the Board has approved a final dividend of ₹3.35 per share for its investors. Earlier in the financial year, the company had also paid two interim dividends of ₹2.50 each.
The shares of the company ended nearly a percent in the green on Friday, May 23. The stock has gained 3.28% in the session so far.
Also Read: Nibe secures ₹150.6 crore defence order from Israel-based OEM
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