NTPC on Saturday reported a 5.4% year-on-year (YoY) rise in standalone net profit for the quarter ended December 2022 to Rs 4,476.25 crore. Meanwhile, its revenue from operations rose 37% on year to Rs 41,410.50 crore.
The board has also approved an interim dividend of Rs 4.25 a share for the current financial year.
The power generator’s operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), rose 36% YoY to Rs 13,239 crore, but the operating margin dipped 16 basis points to 31.97%.
Fuel cost, which has the biggest share in the expenses basket, rose sharply YoY, but dropped sequentially. Fuel expenses rose 29% YoY to Rs 20,997 crore, but dropped 20.5% sequentially.
Revenue from power generation grew 37% YoY to Rs 40,697 crore, but sequentially there was a mere 0.4% growth.
The state-owned major generated 78.65 billion units of power in the reported quarter, 4% higher from the year-ago period. However, power generation declined 8% sequentially.
The plant load factor (PLF) for thermal-based plants stood at 68.85% in the December quarter, 67.72% a year ago and 74.08% a quarter ago. PLF is the ratio between the actual energy generated by a power plant to the maximum possible energy it can generate at its rated power for an entire year.
PLF of solar-based plants was 20.98% in Q3, compared with 17.30% a year ago and 20.61% a quarter ago.
PLF of hydropower plants stood at 24.45% compared with 24.51% a year ago and 98.09% a quarter ago.
The plant availability factor (PAF) was 92.67% in Q3, compared with 85.98% a year ago. For gas-based plants, it was 98.53% compared with 89.91% a year ago.
The availability factor of a power plant is the amount of time it is able to produce electricity over a certain period, divided by the amount of time in the period.
NTPC’s captive mines produced 5.35 million tonne coal in the third quarter compared with 4 million tonne a year ago. NTPC’s consumption of domestic coal fell 2.5% on year to 52.45 million tonne, while that of imported coal increased threefold to 1.57 million tonne.
The average tariff for the nine months ended December stood at Rs 4.96 compared with Rs 3.95 a year ago.
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