NTPC Ltd, the largest power generation company of India said its profit in the quarter ended 30th June 2016 grew by 4.1 per cent year-on-year to Rs 2,369 crores. In Q1 FY16, its profit was supported by a tax credit of Rs 422 crores.
The total income from operations during the June quarter increased 11.5 per cent to Rs 19,063 crores on Y-o-Y basis, with generation revenue growing 11.6 per cent. Top-line and bottom-line met the expectations of the analysts whereas operational performance was ahead of estimates.
A market poll estimated profit at Rs 2,346 crores on revenue of Rs 18,487 crores for the quarter. Operating profit of the Company was estimated at Rs 4,838 crores and margin at 26.2 per cent. Earnings before interest, tax, depreciation and amortisation (EBITDA for operating profit) in Q1 zoomed up 66 per cent to Rs 5,210.5 crores and margin expanded by 670 basis points to 27.3 per cent compared to year-ago period.
Tax expenses for the quarter have been recorded at Rs 706.6 crores, NTPC said. This came in being by adding other income fell 34.4 per cent to Rs 158 crores on yearly basis. Generation segment's earnings before interest and tax grew by 56.1 per cent year-on-year to Rs 4,163.2 crores in the quarter ended June 2016.
The company said that the coal plant load factor improved to 81.35 per cent during the quarter from 77.58 per cent in same period last year. Average tariff in Q1 was at Rs 3.12 per unit against Rs 3.18 per unit in FY16.
In the meantime NTPC share price closed at Rs 163.65, down by 2.13 per cent. NTPC is one of the Top 500 shares as recommended by Dynamic Levels.
No comments:
Post a Comment