NTPC (NTPC) Q2 24/25 earnings summary

Executive summary

• Achieved robust operational and financial performance in Q2 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 (RE) capacity in H1 FY25, bringing group commercial capacity to 76,443 MW.

• Group generated 220 billion units in H1 FY25, up 3.77% year-over-year; standalone gross generation rose 3.91%.

• Coal station PLF at 76.31% in H1 FY25, above national average; highest ever coal production at 19.23 MMT, up 19.74%.

Financial highlights

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

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

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

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

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

Outlook and guidance

• Plans to award 13.6 GW of new thermal capacity by FY27, with 8.8 GW to be awarded by December and 4.8 GW in the next two months.

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

• 60 GW renewable energy target by FY32, including solar, wind, storage, and green hydrogen projects.

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

• Capacity charges and energy charges for the quarter and half-year were provisionally recognized as per CERC Tariff Regulations, 2024, pending final tariff orders.