After Q1 Earnings, NTPC Share Price Soars 4%, to a 52-week High


The stock price of NTPC increased after the announcement of the quarterly results to a 52-week high. For the last 5 trading sessions, the shares of NTPC were seen soaring and reaching a 52-week high.

At the end of June 2023, the Indian government owned 51.10 percent of NTPC. In the first quarter of FY24, the company’s consolidated profit before tax increased significantly by 20.9% to ₹6,661.27 crore from ₹5,507.79 crore in the same quarter the previous year.

As of June 30, 2023, NTPC’s total installed capacity increased to 73,024 megawatts (MW), up from 69,114 MW the year before.

The Barh Super Thermal Power Station, Stage-I (3×660 MW), second unit’s Commercial Operation Date (COD) has been announced by NTPC. The unit has been given the go-ahead to begin operating at 0:00 UTC on 1 August 2023. With this expansion, NTPC will have a 57,038 MW standalone commercial capacity and a 73,024 MW group commercial capacity.

Notably, production of captive mine coal increased from 4.10 million metric tonnes (MMT) in Q1 FY23 to 6.24 MMT in Q1 FY24. While coal imports fell to 2.48 MMT from 4.44 MMT in the same period last year, domestic coal supply for its units increased to 55.57 MMT in the June quarter, up from 53.26 MMT in Q1 FY23.

The capacity utilisation of coal-based power plants, generally known as plant load factor (PLF), increased to 70.38% in the quarter that ended in June 2022 from 69.23% in the same quarter a year prior. With a 609-basis-point increase in the availability of coal plants, the business showed improved quality in operations and financials in the June quarter, according to CLSA, which Zed Business reported retained a “buy” recommendation on NTPC after the power producer’s earnings announcement.

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