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State-owned NTPC reported a 14% growth in consolidated profits as net profit for the quarter ending in March 2022 came in at Rs 5,167 crores against Rs 4,542 crores reported in the corresponding quarter last year.
Moreover, the company's profits surged 14.8% QoQ as profit for the quarter ended in December 2021 stood at Rs 4,499 crores.
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Consolidated revenues for the quarter improved 23% YoY to Rs 37,085 crores as growth was aided by higher average realizations during the quarter. EBITDA of the company for the quarter stood at Rs 11,426 crores for the quarter as its EBITDA margin improved from 26% to 30%.
For the period of one year ended on 31st March 2022, the company's profits surged 13.3% to Rs 16,960 crores while its revenues gained 19% to reach Rs 132,669 crores. The group generated a total of 361 billion units and recorded its highest-ever annual production, improving production by 15%.
The Board of the company has recommended a final dividend of Rs 3 per share, reaching a total dividend of Rs 7 for FY22. Where several stocks are declining ever since the assault on Ukraine, NTPC's stock has been growing fairly well.
However, the stock saw some decline since mid-April but it touched a 52-week high of Rs 166.35 per share, a price level that the stock hasn't been able to climb back to since as early as February 2011. On Friday, the stock closed at Rs 149.60 per share, a price level that marked an 18.7% profit for investors since the beginning of 2022.
Article by Aman Agarwal.
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