NTPC — earnings call

The transcript as filed. Every paragraph is addressable: its link names the page and the position it sits at in the call.

Prepared remarks

Moderator · Conference Operator

We have the first question from the line of Sumit Kishore from Axis Capital.

Sumit Kishore

My first question is regarding the fixed cost under recovery, what is the figure for 9 months FY23 as the corresponding number for previous year?

Moderator · Conference Operator

We have the next question from the line of Nikhil Abhyankar from DAM Capital.

Nikhil Abhyankar

Congrats on a good set of numbers.

Sir, can you just throw some light on the ash transportation cost of around 31 billion.

How much was it booked in the present quarter?

And also, why is there a spike in the finance cost in Q3 over Q2?

Moderator · Conference Operator

We have the next question from the line of Abhineet Anand from Emkay Global Financial Services.

Abhineet Anand

Sir, if you can just let us know the adjusted PAT and incentive for the quarter and 9 months?

Moderator · Conference Operator

We have the next question from the line of Anupam Goswami from BOB Capital.

Anupam Goswami

My first question is on the FGD pipeline.

Where are we and how much is required and the capex amount as well?

Moderator · Conference Operator

We have the next question from the line of Apoorva Bahadur from Goldman Sachs.

Apoorva Bahadur

Sir, in your opening remarks, you briefly touched upon the company's plan to enter into nuclear power generation.

So, if you could share some numbers over there, what would be the target capacity addition and the time line?

Moderator · Conference Operator

We have the next question from the line of Girish from Morgan Stanley.

Girish

I wanted to understand a little bit on the renewable side.

So, this 4,718 MW, which we have under construction and the 36 GW under feasibility and planning.

I just wanted to understand how the run rate will pan out in the next few years.

That is the first question.

Moderator · Conference Operator

We have the next question from the line of Anuj Upadhyay from HDFC Securities.

Anuj Upadhyay

This is Anuj Upadhyay from HDFC.

A few bookkeeping questions, Sir.

One is on what has contributed to a rise in other expenses and the employee expenses for the year.

And you referred to a decline in the JV and subsidiaries profit.

This is to the tune of Rs.400 to Rs.500 crore.

Is it purely attributable to the lower surcharge income or is there anything else which has contributed to this?

Moderator · Conference Operator

We have the next question from the line of Dhruv Muchhal from HDFC Mutual Fund.

Dhruv Muchhal

Sir, in the note to accounts, there is a mention of ash transportation related charges after the CERC order.

So, is there an impact on the financials because of this and also a recurring impact going ahead?

Moderator · Conference Operator

We have the next question from the line of Puneet from HSBC.

Puneet

Can you give some update on what all plants should we expect to commission in FY24?

Moderator · Conference Operator

We have the next follow-up question from the line of Nikhil Abhyankar from DAM Capital.

Nikhil Abhyankar

Thanks for the opportunity again.

Sir, I wanted to understand whether the revision in energy charges due to grade slippages affects our profits?

Moderator · Conference Operator

We have the next follow-up question from the line of Apoorva Bahadur from Goldman Sachs.

Apoorva Bahadur

Sir, you provided the breakup for the renewable capacity addition plan, I apologize I missed that.

Can you please repeat?

Moderator · Conference Operator

As that was the last question for today, I would now like to hand the conference over to the management for closing comments.

Over to you, Sir.

Jaikumar Srinivasan

Thank you very much for your participation in this conference call.

I on behalf of my colleague directors and the entire team would like to thank you for your participation and very pertinent questions and wherever there is any additional information needed as told during the meeting, we will follow it up.

Thank you so much.

Moderator · Conference Operator

Thank you, Sir.

Ladies and gentlemen, on behalf of DAM Capital, that concludes this conference.

Thank you for joining us, and you may now disconnect your lines. *******************************************

Questions and answers

NTPC Limited