NHPC Ltd's Q1FY19 standalone net profit declines 14.5% yoy to Rs738cr: Beats Estimates

The company’s standalone revenue in the period stood at Rs2,129cr, down 8.5% yoy but up 87.3% qoq.

Aug 10, 2018 01:08 IST India Infoline Research Team


Standalone Results Q1FY19: (in Rs cr)

Q1FY19 YoY (%)
Revenue 2,129 [8.5]
EBITDA 1,291 [7.0]
EBITDA Margin (%) 60.6 103
Net Profit (adjusted) 738 [14.5]
***EBITDA margin change is bps

NHPC beat estimates for Q1FY19 due to significant improvement in margins during the quarter. Revenue fell 8.5% yoy to Rs2,129cr (expectation Rs2,129cr). EBITDA stood at Rs1,291cr, down 7% yoy against estimates of Rs1,202cr. EBIDTA margin rose 103bps yoy to 60.6%. Net profit stood at Rs738cr against an estimate of Rs692cr.
  • Generation volumes during Q1FY19 were impacted by low water levels. This reduced the power generation volumes for the hydropower segment.
  • The company commissioned the 330MW Kishanganga HE project in Q1FY19.
  • Tax rate for the quarter stood at 26.6% against 27.3% in FY18.

Technical View:

NHPC Ltd ended at Rs24.85, up 0.35 points, or 1.43%, from its previous close of Rs24.50 on the BSE. The scrip opened at Rs24.50 and has touched a high and low of Rs25.20 and Rs24.40, respectively. A total of 62,81,545 (NSE+BSE) shares were traded on the counter. The stock is currently trading below its 200 DMA.

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