The consolidated net profit of public sector power company NTPC Limited has increased by about 14 percent to Rs 5,380.25 crore in the second quarter of the current financial year. NTPC reported the results of the July-September, 2024 quarter to the stock market on Thursday. Its net profit was Rs 4,726.40 crore in the same period a year ago. However, the total income of the company declined to Rs 45,197.77 crore in the last quarter, from Rs 45,384.64 crore in the same quarter a year ago. 

Dividend of Rs 2.50

The company's average tariff in the September quarter was Rs 4.67 per unit as against Rs 4.61 per unit in the same period a year ago. The board of directors of NTPC also approved the first interim dividend of Rs 2.50 per paid-up equity share of Rs 10 for the financial year 2024-25. The date of payment of the dividend will be November 18, 2024. NTPC's gross power generation declined to 88.46 billion units in the second quarter as against 90.30 billion units a year ago. Its coal production from captive mines increased to 90.3 lakh tonnes in this quarter as against 55.9 lakh tonnes in the same period last year.

The stock closed with a gain.

Coal production increased from 118.3 lakh tonnes to 186.7 lakh tonnes in the first half of the current financial year. In a separate statement, NTPC said that it has partnered with the Indian Army to set up a solar hydrogen-based microgrid at Chushul in Ladakh. The project will ensure a stable power supply to military sites using green hydrogen. On Thursday, NTPC shares closed at Rs 411 on the BSE, up 0.86 percent or Rs 3.50.