How were the quarterly results of NTPC for the Dec-21 quarter?

For the quarter ended December 2021, India’s largest producer of power, NTPC Ltd, reported 19.3% increase in net profits to a record level of Rs.4,626 crore. Total sales revenues for the third quarter were 19% higher yoy at Rs.28,387 crore. The board of NTPC has already approved 40% dividend, which works out to Rs.4 pe share on par value of Rs.10. In the Q3, NTPC was averaging approximately 1 billion units of power production per day.

For the third quarter ended December 2021, NTPC reported gross generation of 87.92 billion units as compared to just 76.53 billion units in Dec-20 quarter. The big story is the monetization of its renewable business. NTPC will, as part of its asset monetization program, hive-off renewable energy assets (including NTPC Renewable Energy Ltd). This franchise will be transferred into a subsidiary of NTPC before monetizing its latent value fully.