State-run power producer NTPC Ltd. reported better-than-expected earnings for the quarter ended June, with both profit and operating performance surpassing analysts' estimates.
The company posted a consolidated net profit of Rs 6,721 crore for the first quarter of fiscal year 2027, ahead of the Bloomberg estimate of Rs 6,224 crore. Net profit increased 11.8% year-on-year from Rs 6,011 crore.
Consolidated revenue rose 7.8% year-on-year to Rs 50,741 crore, broadly in line with the Bloomberg estimate of Rs 50,837 crore, compared with Rs 47,064 crore in the corresponding quarter last year.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
Operating performance was stronger than expected, with Ebitda rising 29% year-on-year to Rs 16,231 crore, significantly above the Bloomberg estimate of Rs 14,709 crore. Ebitda in the year-ago quarter stood at Rs 12,579 crore.
ALSO READ: Concor Q1 Results: Profit, Revenue Stay Flat; Dividend Declared — Check Record Date, Payout Details
The company's Ebitda margin expanded sharply to 32% from 26.7% a year earlier, comfortably exceeding analysts' estimate of 28.9%, reflecting improved operating efficiency.
Separately, NTPC informed exchanges that its board has approved raising up to Rs 12,000 crore through the issuance of non-convertible debentures (NCDs). The fundraising will provide the company with additional financial flexibility to support its capital expenditure plans and other corporate requirements.
NTPC shares ended 0.40% lower on Friday at Rs 347.20 per share. The earnings were announced after market closing on Friday. The shares have risen 1.71% in the last one week but it fell 2.62% in the last one month.
Year-to-date shares have risen 3.39% and 2.6% in the last one year.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
