NTPC (NTPC) Q2 24/25 earnings summary

Executive summary

• Achieved robust operational and financial performance in Q2 and H1 FY25, with significant progress in renewables and strategic initiatives.

• Unaudited standalone and consolidated financial results for the quarter and half-year ended 30 September 2024 were reviewed and approved by the Board and Audit Committee on 24 October 2024.

• Added 485 MW of commercial renewable energy capacity in H1 FY25, bringing group commercial capacity to 76,443 MW.

• First interim dividend of ₹2.50 per share (25% of face value) for FY 2024-25 declared, payable on 18 November 2024.

• No deviation or variation in the use of proceeds from listed non-convertible debentures for the quarter ended 30 September 2024.

Financial highlights

• Standalone total income for Q2 FY25 was ₹41,245 crore, slightly down from ₹41,518 crore year-over-year due to lower coal prices.

• Standalone PAT for Q2 FY25 rose 19.66% to ₹4,649 crore; H1 FY25 PAT up 15.2% to ₹9,160 crore.

• Standalone revenue from operations for Q2 FY25: ₹40,327.56 crore; consolidated: ₹44,696.30 crore.

• Standalone net profit for Q2 FY25: ₹4,648.87 crore; consolidated: ₹5,380.25 crore.

• Group H1 FY25 total income increased 6.09% to ₹94,179 crore; group PAT up 13% to ₹10,886 crore.

Outlook and guidance

• Capital outlay for FY25 estimated at ₹22,700 crore standalone and ₹27,982 crore consolidated.

• Plans to award 13.6 GW of new thermal capacity by FY27, with 8.8 GW to be awarded by December.

• Renewable capacity addition targets: 3 GW in FY25, 5 GW in FY26, and 8 GW in FY27, aiming for 19.4 GW operational by FY27.

• IPO of NTPC Green Energy Limited expected to proceed as planned, targeted for Q3.

• Construction on the 4x130 MW Hydro Electric Project in Uttarakhand resumed in September 2024 after regulatory clearance.