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Axis Securities Report
NTPC Ltd. reported a good set of numbers. Consolidated net sales stood up 8%/11% YoY/QoQ beating the consensus by 4%. Ebitda stood up by 19%/25% YoY/QoQ and stood ahead of the consensus by 6%. Profit after tax grew by 33%/25% YoY/QoQ, beating the consensus by 20% led by higher other income.
Regulated equity as of March 2024 stood at Rs 87,713 crore (Rs 82,094 crore in Dec-23 and Rs 77,628 crore in Mar-23) on a standalone basis and Rs 1,04,331 crore (Rs 98,712 crore in Dec-23 and Rs 94,180 crore in Mar-23) on a consolidated basis.
The average rate of interest during FY24 was at 6.67% versus 6.4% last year. The company declared its final dividend of Rs 3.25/share in addition to the first and second Interim dividend of Rs 2.25/share each for FY24.
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