NTPC Share Slumps Despite Growth In Q4 Earnings
The company's board has recommended a final dividend of Rs 3.25 per equity share
The stocks of NTPC traded lower in the Monday trading session despite the growth in topline and bottomline in the fourth quarter ended 31 March 2024.
NTPC stock traded at Rs 369 with 1.4 per cent dip in the afternoon session on the National Stock Exchange (NSE).
Public sector power generator posted a consolidated net profit of Rs 6,490.05 for the fourth quarter with a growth of 33 per cent from Rs 4,871.5 crore in 2022-23.
The standalone total income of the company for the financial year stood at Rs 1,65,707 crore, as against the previous year's total income of Rs 1,67,724 crore.
The company reported revenue from operations at Rs 47,622 crore, an increase of 7.6 per cent compared to Rs 44,253 crore a year ago.
Profit After Tax (PAT) for FY 24 was Rs 18,079 crore as against Rs 17,197 crore in FY23, an increase of 5 per cent.
Dividend
The company's board has recommended a final dividend of Rs 3.25 per equity share, subject to the approval of shareholders in the ensuing Annual General Meeting.
The total dividend for the year would be Rs 7.75 per equity share as compared to Rs 7.25 per equity share last year, the filing added.
This is the 31st consecutive year of dividend payments by the power sector public sector unit.
Stock Performance
The power generator, NTPC stock has delivered more than 18 per cent return in 2024 so far, however the Nifty Energy index has gained more than 23 per cent in the same period.
