NHPC Ltd's Q3FY19 standalone net profit declines 73.5% yoy to Rs182cr : Misses Estimates

The company’s standalone revenue stood at Rs1,571cr, up 4.9% yoy but down 37% qoq

Feb 08, 2019 09:02 IST India Infoline Research Team


Standalone Results Q3FY19: (Rs. in cr)

Q3FY19 YoY (%)
Revenue 1,571 4.9
EBITDA 596 [24.0]
EBITDA Margin (%) 37.9 [1,442]
Net Profit (adjusted) 182 [73.5]
***EBITDA margin change is bps

NHPC reported results for Q3FY19 which missed estimates by a clear margin due to sharp increase in employee expenses. Revenue rose by 4.9% yoy to Rs1,571cr (expectation Rs1,761cr). EBITDA stood at Rs596cr, down 24% yoy against estimates of Rs1,069cr. EBIDTA margin fell by 1,442bps yoy to 37.9%. Net Profit stood at Rs182cr against an estimate of Rs680cr.
  • An amount of Rs190.5cr was charged towards employee expenses owing to regularization of pay scales.
  • Net profit was sharply lower due to adverse movement in regulatory account owing to rise in employee cost and change in depreciation charge for Kishanganga Power station.
  • The Board of Directors have approved an interim dividend of Rs0.71 per share.

Technical View:

NHPC Ltd is currently trading at Rs. 23.70, down by 0.45 points or 1.86% from its previous closing of Rs. 24.15 on the BSE.
The scrip opened at Rs. 24.15 and has touched a high and low of Rs. 24.25 and Rs. 23.15 respectively. So far 98,39,796 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

Related Story

Open Free Demat Account (Rs699)