{"id":158188,"date":"2024-01-31T06:04:43","date_gmt":"2024-01-31T11:04:43","guid":{"rendered":"https:\/\/44.250.171.167\/?p=158188"},"modified":"2024-01-31T06:04:45","modified_gmt":"2024-01-31T11:04:45","slug":"ntpc-limited-q3-fy24-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/ntpc-limited-q3-fy24-earnings-conference-call-insights\/","title":{"rendered":"NTPC Limited Q3 FY24 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from NTPC Limited (NTPC) Q3 FY24 Earnings Concall<\/strong><\/p>\n<ul>\n<li><strong>Operational Highlights<\/strong>\n<ul>\n<li>Commercial capacity stands at 57,838 MW on standalone basis and 73,874 MW for the Group.<\/li>\n<li>Group generated 315 BU in 9M FY24 vs 295 BU in 9M FY23, up 7%.<\/li>\n<li>Standalone gross generation 268 BU in 9M FY24 vs 255 BU in 9M FY23, up 5%.<\/li>\n<li>Coal stations PLF 76.4% in 9M FY24 vs national average of 68.51%.<\/li>\n<li>4 NTPC coal stations among top 10 in PLF performance.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Financial Performance<\/strong>\n<ul>\n<li>Total income INR121,486 crores in 9M FY24 vs INR124,685 crores in 9M FY23.<\/li>\n<li>PAT INR12,523 crores in 9M FY24 vs INR11,524 crores in 9M FY23, up 8.66%.<\/li>\n<li>Group PAT INR14,842 crores in 9M FY24 vs INR12,250 crores in 9M FY23, up 21.16%.<\/li>\n<li>Subsidiaries profit up 17.45% to INR1,516 crores in Q3 FY24 vs INR1,290 crores.<\/li>\n<li>Share of JV profit up to INR1,424 crores in 9M FY24 vs INR481 crores in 9M FY23.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Capex and Capacity Addition<\/strong>\n<ul>\n<li>Group capex budget INR28,373 crores for FY24.<\/li>\n<li>Group capex INR21,552 crores in 9M FY24 vs INR26,058 crores in 9M FY23.<\/li>\n<li>7,808 MW renewable projects under construction.<\/li>\n<li>8,225 MW renewable projects under tendering.<\/li>\n<li>Considering awarding 16.8 GW thermal capacity.<\/li>\n<li>Will support states in adding 7 GW capacity.<\/li>\n<li>In line with government plans to add 88 GW coal capacity over next 10 years.<\/li>\n<li>Key projects: Singrauli III, Sipat III, Darlipali, Meja, NPGCL II, Telangana II.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Coal Production and Mining<\/strong>\n<ul>\n<li>Highest ever coal production of 25.36 MMT in 9M FY24, up 74%.<\/li>\n<li>Coal production target of 34 MT for FY24 intact.<\/li>\n<li>Incurred INR10,612.52 crores for coal mine development.<\/li>\n<li>Awarded MDO contract for Badam coal mining project.<\/li>\n<li>Targeting 50 MMT annual coal production in next 3 years.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Under-recovery\/Incentive Trends<\/strong>\n<ul>\n<li>Under-recovery INR256 crores in Q3 FY24, INR740 crores in 9M FY24.<\/li>\n<li>Expect most under-recovery to reverse in Q4 FY24 as units come back online.<\/li>\n<li>Targeting to reduce under recovery to INR400-450 crores in FY24.<\/li>\n<li>Incentives INR124 crores in Q3 FY24 and INR462 crores in 9M FY24.<\/li>\n<li>Incentives showing increasing trend over last 3 years from INR164 crores to INR354 crores to INR424 crores.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Tariff Regulations Impact<\/strong>\n<ul>\n<li>Removal of high\/low demand seasons in new regulations positive.<\/li>\n<li>Gives better flexibility to manage grid conditions and reduce under-recovery.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Renewable Capacity Addition<\/strong>\n<ul>\n<li>3 GW renewable capacity commissioned currently.<\/li>\n<li>8 GW under construction with PPAs and contracts awarded.<\/li>\n<li>Targeting 1 GW commissioning by Mar&#8217;25 out of projects under construction.<\/li>\n<li>Around 3 GW additions targeted in FY26.<\/li>\n<li>Maintaining renewable capacity target of around 15 GW by FY26.<\/li>\n<li>Not satisfied with current pace of renewable capacity addition.<\/li>\n<li>Module supply issues impacted pace earlier but being resolved.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Renewable Energy IRR<\/strong>\n<ul>\n<li>IRR expected to improve with module price corrections.<\/li>\n<li>Targeting healthy IRR comparable to cost-plus thermal projects.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Commissioning Status<\/strong>\n<ul>\n<li>Telangana Unit 1 to be commissioned in FY24.<\/li>\n<li>North Karanpura Unit 2 to be commissioned in FY24.<\/li>\n<li>Achieving overall FY24 target of 3.58 GW commissioning.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Pumped Storage Plans<\/strong>\n<ul>\n<li>Identified pumped storage potential of 8 GW, down from 14 GW earlier.<\/li>\n<li>Includes 3 GW in Tamil Nadu, 2 GW in Maharashtra, 1.2 GW in Chhattisgarh and 1 GW each in Gujarat and Meghalaya.<\/li>\n<li>MOU signed for 800 MW in Maharashtra, now increased to 2 GW.<\/li>\n<li>Timeline: 2 years for DPR, 5-6 years for construction.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Coal Capacity Addition Outlook<\/strong>\n<ul>\n<li>27 GW of coal capacity under construction.<\/li>\n<li>Another 31 GW in advanced planning stage.<\/li>\n<li>18 GW more needs to be planned.<\/li>\n<li>To reach 283 GW total coal capacity by 2032.<\/li>\n<li>343 GW renewable capacity addition targeted by 2032.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Total Capacity Outlook<\/strong>\n<ul>\n<li>Current total capacity around 426 GW.<\/li>\n<li>Targeting 838 GW total capacity by 2032.<\/li>\n<li>412 GW targeted capacity addition by 2032, which Includes coal, renewable, hydro etc.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from NTPC Limited (NTPC) Q3 FY24 Earnings Concall Operational Highlights Commercial capacity stands at 57,838 MW on standalone basis and 73,874 MW for the Group. Group generated 315 BU in 9M FY24 vs 295 BU in 9M FY23, up 7%. Standalone gross generation 268 BU in 9M FY24 vs 255 BU in 9M [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":154818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5746],"tags":[10169,8621,8161],"class_list":["post-158188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-energy-stocks","tag-earnings","tag-electric-power","tag-energy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":157918,"url":"https:\/\/alphastreet.com\/india\/idfc-first-bank-limited-q3-fy24-earnings-conference-call-insights\/","url_meta":{"origin":158188,"position":0},"title":"IDFC First Bank Limited Q3 FY24 Earnings Conference Call Insights","author":"Praveen","date":"January 22, 2024","format":false,"excerpt":"Key highlights from IDFC First Bank Limited (IDFCFIRSTB) Q3 FY24 Earnings Concall Deposit Growth Retail deposits grew from INR10,400 crores to INR1,39,431 crores in 5 years. 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