State-owned utilities company NTPC Ltd (National Thermal Power Corporation Limited) will announce its third quarter results during the day.Experts expect the country’s largest power producer to report third quarter consolidated net profit year-on-year. 3,400-3,700 crore with a growth of 5-12 per cent on a base basis.
The company, a leader in thermal power generation, expects consolidated revenue to grow 10-11 per cent year-on-year to Rs 26,500-27,000 crore in the quarter.
The company had reported a net profit of Rs 3,315 crore in the same period last year and its consolidated revenue was Rs 24,509 crore. While the company’s net profit during the previous quarter was Rs 3,212 crore and consolidated revenue was Rs 28,329 crore.
Elara Capital’s forecast for third quarter results
The brokerage estimates that the company’s revenue may increase by 8 per cent to Rs 26,400 crore on an annual basis due to increase in production with the commencement of work in the new unit. At the same time, the revenue may decline by 7 percent compared to the previous quarter.
At the same time, the company’s profit (PAT (profit after tax)) may increase by 13.9 percent on an annual basis and may increase by 17.5 percent on a quarterly basis to Rs 3770 crore. The company’s outstanding amount also decreased to Rs 8000 crore in the quarter of September 2021, while As of December 2020, the company’s outstanding amount stood at Rs 19100 crore.
ICICI Securities’ estimates for third quarter results
According to the estimates of the brokerage, the company’s earnings can see a growth of 10 percent on a yearly basis. At the same time, the company’s income may decline by 5 percent to Rs 26960 crore on a quarterly basis.
According to ICICI Securities, the company’s PAT can increase by 8.5 percent on an annual basis and up to 12 percent on a quarterly basis. This increase could be due to higher EBITDA, increased other income and lower interest expense.
Estimation of Kotak Institutional Equities
Kotak expects a year-on-year consolidated revenue growth of 11.3 per cent for the third quarter. The company’s revenue can be reduced by 3.7 percent on a quarterly basis to 27,288 crores.
The brokerage estimates that the company’s profit on a yearly basis may increase by 3 percent to Rs 3,400 crore.
The stock of NTPC Ltd closed at Rs 140.1, up Rs 5.2 (+3.8 per cent) from its previous closing price on the National Stock Exchange on January 28. The stock has given a return of 53 per cent during the last one year. Whereas during the last one month it has increased by 13 percent.
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