NHPC Ltd's Q2FY17 standalone net profit rises 27.89% yoy to Rs.1,554.66 crore : Estimates Mixed

India Infoline Research Team | November 18, 2016 15:19 IST

NHPC Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 2,403.36 2.5
EBITDA 1,217.72 0.1
EBITDA Margin (%) 50.7 [123]
Net Profit (adjusted) 1,554.66 27.89
***EBITDA margin change is bps

NHPC Ltd’s Q2FY17 standalone numbers came in mixed as compared to Bloomberg estimates. Revenue for the period came in 3% above estimate of Rs 2,477 cr. However, reported net profit for the period came in 45.7% above the estimate of Rs 1,067 cr.
Revenue for the quarter increased by 2.5% yoy to Rs 2,403.36 cr.

EBITDA increased by 0.1% yoy to Rs 1,217.72 cr while EBITDA margins contracted 123 bps yoy to 50.7%. Employee cost have increased by 20% yoy to Rs 330.96 cr.

Net profit increased by 27.89% yoy to Rs 1,554.66 cr. Other income has jumped 145% yoy to Rs 877.86 cr which has aided bottom-line.
Technical View:

NHPC Ltd is currently trading at Rs. 26.5, up by 1.4 points or 5.58% from its previous closing of Rs. 25.1 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.

BSE 28.10 [0.35] ([1.23]%)
NSE 28.15 [0.30] ([1.05]%)

***Note: This is a NSE Chart

 

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