Quarterly Result: NHPC Ltd
Bhagyashree Vivarekar / 18 Nov 2016
NHPC Ltd is currently trading at Rs 26.50, up 1.4 points or 5.58% from its previous close of Rs 25.10 on the BSE.The company's net profit increased 27.9% YoY to Rs 1,554.66 crore.
Technical View:
NHPC Ltd is currently trading at Rs 26.50, up 1.4 points or 5.58% from its previous close of Rs 25.10 on the BSE. The scrip opened at Rs 25.45 and has touched a high and low of Rs 26.55 and Rs 25.15, respectively. So far 15912151 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
Standalone Q2FY17 numbers:
NHPC Ltd’s Q2FY17 standalone numbers were a mixed bag as compared to Bloomberg estimates. The company's revenue for the period was 3% above estimate of Rs 2,477 crore. However, reported net profit for the period came in 45.7% above the estimate of Rs 1,067 crore.
The company's revenue for the quarter increased 2.5% YoY to Rs 2,403.36 crore. Its EBITDA increased 0.1% YoY to Rs 1,217.72 crore while EBITDA margins contracted 123 bps YoY to 50.7%. Employee costs have increased 20% YoY to Rs 330.96 crore.
The company's net profit increased 27.9% YoY to Rs 1,554.66 crore, while its other income has jumped 145% YoY to Rs 877.86 crore which has aided the bottomline.
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