Quarterly Results: NTPC Ltd's

Standalone Results Q2FY17: (Rs. in crore)


***EBITDA margin change is bps

NTPC’s Q2FY17 standalone numbers have come in above street estimates. Revenue has come in 5.8% higher than the estimated Rs 18,329 cr. Reported EBITDA has come in 9.5% higher than the estimated figure of Rs 4,930 cr. Also, net profit has come in 3.7% above the estimate of Rs 2,406 cr.

Standalone revenue reported for the quarter has risen 8.1% yoy to Rs 19,398 cr. Reported EBITDA has risen 31.1% yoy to Rs 5,396 cr with a 490 bps increase in EBITDA margin to 27.8%. This was driven by decline in employee benefit expense and other expenses which have fallen by 6% and 10%, respectively.

However, net profit has declined 17.9% yoy to Rs 2,496 cr. This was largely the effect of depreciation & amortisation expense and finance costs rising 11% and 8%, respectively.

Technical View: 

NTPC Ltd., is currently trading at Rs. 153.25, up by 1.25 points or 0.82% from its previous closing of Rs. 152 on the BSE.

The scrip opened at Rs. 152.4 and has touched a high and low of Rs. 155 and Rs. 150.8 respectively. So far 4762739 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.