Revenue from operations declined marginally to Rs 43,075.09 crore in Q1 FY24 as against Rs 43,177.14 crore posted in Q1 FY23.

Consolidated profit before tax surged 20.9% to Rs 6,661.27 crore in the first quarter of FY24 from Rs 5,507.79 crore recorded in the corresponding quarter a year ago.

On the margins front, the PSU company's operating margin improved to 20.74% in Q1 FY24 as against 17.67% reported in Q1 FY23. Net profit margin increased to 11.39% in Q1 FY24 as compared to 9.21% posted in the same period a year ago.

The Group's total installed capacity increased to 73,024 megawatt (MW) as on 30 June 2023 from 69,114 MW posted on 30 June 2022. NTPC's gross power generation for the quarter ended June 2023 was 88.546 billion units (BU) as compared to 90.498 BU recorded in the corresponding quarter last year.

Coal production (from captive mines) in quarter ended June 2023 stood at 6.24 million metric tonnes (MMT), up from 4.10 MMT recorded in the same period a year ago. Domestic coal supply for its plants in the June quarter was at 55.57 MMT from 53.26 MMT in the quarter ended June 2022. Meanwhile, coal imports of the firm reduced to 2.48 MMT in June quarter from 4.44 MMT registered in the same quarter last year.

Plant load factor (PLF) or capacity utilisation of coal-based power plants also rose to 70.38% in the quarter ended June 2022 as compared with 69.23% posted in the same quarter a year ago.

Meanwhile, the company's board has accorded approval for hive-off its coal mining business to a wholly owned subsidiary, NTPC Mining through a business transfer agreement.

Net worth of coal mining business was Rs 7,794.99 crore as on 31 March 2023 which is 5.30% of net worth of NTPC i.e. Rs. 1,47,023.17 crore as on 31 March 2023.

The sale is expected to be completed on 180th day from the execution date.

NTPC is India's largest energy conglomerate. It has presence in the entire value chain of the power generation business. As on 30 June 2023, the Government of India holds 51.10% in NTPC.