India's largest power generation company - NTPC's profit declined 17.9 per cent year-on-year to Rs 2,496 cr in July-September quarter despite strong operational performance. The revenue during the quarter grew by 8.1 per cent to Rs 19,398 cr while other income fell sharply 31.5 per cent to Rs 190.6 cr compared with year-ago period.
The company said gross generation for the quarter stood at 60.593 billion units, up 0.72 per cent over a year-ago period but down 6.14 per cent compared with previous quarter. Plant loan factor (coal-based plants) dropped to 74.65 per cent in September quarter, from 77.27 per cent in same quarter last year and 81.35 per cent in June quarter.
EBITDA or earnings before interest, tax, depreciation and amortization surged 31.1 per cent to Rs 5,396 cr and margin expanded 487 basis points to 27.8 per cent. Other expenses declined 10.4 per cent year-on-year to Rs 1,240.9 cr and employee cost fell 5.66 per cent to Rs 848.3 cr in Q2. Overall earnings beat analysts' expectations.
Profit was estimated at Rs 2,406 cr on revenue of Rs 18,329 cr and EBITDA was expected at Rs 4,930 cr with margin at 27 per cent for the quarter, according to average of estimates of analysts polled by CNBC-TV18. The state-run power generation company has paid tax of Rs 762 cr during the quarter against tax credit of Rs 726.5 cr in same period last fiscal.
NTPC share price history:
Meanwhile, NTPC share price was trading 2.22 per cent higher at Rs.154.40 on the National Stock Exchange (NSE) today. NTPC is analyzed by Dynamic Levels Researchers and analysts as the top 500 performing stocks for the current quarter among the 1700 stocks which are listed on the National Stock Exchange (NSE). In order to gain information about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a quick visit to NTPC share price history.
Source: www.dynamiclevels.com
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