The revenue for Q1FY22 stood at Rs. 29,888 crores. The revenue declined by (-1%) on QoQ basis and increased by of 14% on YoY basis.
The operating profit remained at the same level when compared to Q4FY21. Operating profit stood at Rs. 9,365 crores. The operating profit decreased by (-2%) when compared on YoY profit.
The operating profit margin stood at 31%. In Q1FY21 the margin was 36% and in Q4FY21, the operating profit margin stood at 31%.
Profit before tax increased by 12% in Q1FY22 to Rs. 3,699 crores when compared on YoY basis. PBT also registered a QoQ decline of (-3%).
Profit after tax stood at Rs. 3,412 crores. The company had PAT of Rs. 2,890 crores during Q1FY21, registering a growth of 18%. Net profit also declined by (-25)% on a QoQ basis.
Standalone Q1FY22 results
The revenue for Q1FY22 stood at Rs. 26,039 crores. The revenue declined by (-2%) on QoQ basis and increased by of 11% on YoY basis.
The operating profit remained at the same level when compared to Q4FY21. Operating profit stood at Rs. 8,203 crores. The operating profit decreased by (-1%) when compared on YoY profit.
The operating profit margin stood at 32%. In Q1FY21 the margin was 35% and in Q4FY21, the operating profit margin stood at 31%.
Profit before tax increased by 22% in Q1FY22 to Rs. 3,539 crores when compared on YoY basis. PBT also registered a QoQ decline of (-7%).
Profit after tax stood at Rs. 3,146 crores. The company had PAT of Rs. 2,470 crores during Q1FY21, registering a growth of 27%. Net profit also declined by (-30)% on a QoQ basis.
Business Highlights
The company has set a renewable capacity target of 15GW till FY21 and 60W renewable capacity till 2032. Of which close to 3GW renewable capacity is under construction which is expected to be commissioned in 2 years.
As the solar capacities were commercialized, the commercial capacities increased by 4.1% YoY to 64515 MW.
The company is focused on renewable energy and has plans for new technology like green hydrogen. Undertaking pilot project for green hydrogen at Vindhyanchal.
The company aims to monetize its renewables subsidiary and NVVN which is a power trading sub in next 18 months.
NTPC is also looking for opportunities in power distribution and manufacturing methanol from CO2. The company will be competing in the bid for Chandigarh DISCOM during its privatisation.
As the electricity consumption grows, the expects the demand at its plants would continue the 25 years PPAs.
The company has also enquired about EOI (expression of interest) to DISCOMS and other industry participants to purchase electricity from the company.
Under the FAME scheme, the company has installed around 140 EV chargers and has plans for another 1,000 units.
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