NTPC Renewable Energy Unit NTPC Green Energy Limited released financial results today. The company said on Wednesday that their integrated net profit in the fourth quarter of FY 2024-25 (January-March 2025) was almost three times to Rs 233.21 crore. Let us tell you that this government company had a profit of Rs 80.95 crore in the fourth quarter of FY 2023-24. According to the information given to the stock market, during this period, the income of NTPC Green Energy increased from Rs 553.06 crore to Rs 751.50 crore on an annual basis.
Green hydrogen hub in Andhra Pradesh will develop company
The company’s expenditure in the fourth quarter of the next financial year was Rs 444.63 crore, while the company’s expenditure was Rs 425.84 crore in the same period a year ago. Let us tell you that the Government Renewable Energy Company brought its IPO in FY 2024-25, through which it raised Rs 10,000 crore. The company has also leased land for 33 years for the development of ‘Green Hydrogen Hub’ in Andhra Pradesh. Let us tell you that NTPC Green Energy, government power company is a major company of Green Energy Business of NTPC.
Strong bounce in shares
On Wednesday, with the release of the results by the company, there was a competition to buy shares of NTPC Green Energy. The company’s shares, which closed at a price of Rs 103.00 on Tuesday, opened at a price of Rs 103.15 with a slight increase today. After the results, the company’s shares had reached Intrade High of Rs 108.25 due to the rapid purchase started in the company’s shares. However, due to profit booking in the end of trading, the share price rose by Rs 2.35 (2.28 percent) to close at Rs 105.35.
The price of company shares is much below 52 weeks high
According to BSE data, NTPC Green Energy shares have 52 weeks high of Rs 155.30, while its 52 week is Rs 84.60. The company’s current market cap is Rs 88,771.38 crore. Let us tell you that the company had allotted shares to investors at a price of Rs 108 under its IPO. That is, the shares of the company are trading below their issue price despite today’s boom.
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