NTPC, India’s largest power generation company, has seen its share price surge by over 2% today after the company announced its Q3 FY23 results. The company reported a strong performance, with total income for 9MFY23 increasing by 39.60% compared to the corresponding previous period.
The company’s standalone profit after tax for 9MFY23 stood at Rs 11,524.41 crore, an increase of 8.07% compared to the same period last year. On a consolidated basis, the group’s total income for 9MFY23 increased by 36.97% to Rs 1,33,231.43 crore, while profit after tax increased by 4.16% to Rs 12,249.80 crore.
The board of directors has also approved an interim dividend for FY23 at 42.50% of paid-up share capital, which translates to Rs 4.25 per equity share of face value of Rs 10 each.
NTPC’s share price has been on an upward trajectory in recent months, with the stock gaining over 30% in the last six months and 84% in the last one year. The company’s strong financial performance, coupled with its position as India’s largest power generation company, has made it an attractive investment option for investors.
The company’s market capitalization currently stands at around Rs 3.9 lakh crore, making it one of the largest companies in the power sector. NTPC’s share price has been trading near its 52-week high of Rs 426.30, with the stock currently trading at around Rs 416.
Analysts remain bullish on NTPC’s prospects, citing the company’s strong fundamentals and growth potential. The company’s diversified portfolio of power generation assets, including coal, gas, hydro, and renewable energy, has helped it maintain its position as a market leader.
NTPC’s focus on renewable energy has also been a key driver of its growth, with the company aiming to have a significant portion of its power generation capacity from renewable sources by 2032. The company’s investments in solar and wind power projects have helped it reduce its carbon footprint and contribute to India’s renewable energy targets.
Overall, NTPC’s strong Q3 results and positive outlook have made it an attractive investment option for investors looking to capitalize on the growth of the power sector in India. The company’s focus on diversification and sustainability has positioned it well for future growth and success.
Meta Description: NTPC, India’s largest power generation company, has seen its share price surge by over 2% after announcing strong Q3 FY23 results. The company reported a 39.60% increase in total income for 9MFY23 and an 8.07% increase in standalone profit after tax.
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