State-owned power generator NTPC Ltd. reported net income for the quarter-ended September that missed analysts' estimate, on Saturday.
Net income came in Rs 3,331 crore, up 5.53% YoY, but lagged the Bloomberg consensus estimate of Rs 3,597 crore. The company had reported net income of Rs 3,716.96 in the quarter-ended June. This implies a decline of 10.38% on a sequential basis.
Revenue up 39.17% at Rs 41,015 crore Vs. Rs 29,471 crore (Bloomberg consensus estimate: Rs 36,416 crore)
EBITDA up 23.29% at Rs 9,521crore Vs. Rs 7,723 crore
EBITDA margin at 23.21% Vs. 26.21%
Generation, as a segment, contributed to bulk of the overall revenue, in-line with past trends.
In a separate exchange filing ahead of results, NTPC said its installed capacity grew 3.57% YoY to 70,245 MW in the quarter-ended September while gross energy generation rose 8.06% to 85.487 billion units. The company also produced 4.32 MMT of coal from captive mines, up 1.53% YoY from 2.79 MMT in Q2FY2022.
The company rose in each of the four sessions in the truncated week, ahead of earnings, adding 5.45%. Of the 27 analysts tracking the company, 25 maintain 'buy' and two suggest 'hold', according to Bloomberg data. The return potential of the stock is 9%.
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