Q1FY24 Preview: NTPC: Revenue seen at Rs. 418,573 million, PAT at Rs. 48,639 million

28 Jul 2023 , 10:18 AM

Result date: 29^th July, 2023

Recommendation: Buy 

Target price: Rs. 200

(Source: IIFL Research)

NTPC’s revenue could grow 2.5% over the year-ago quarter amid stable demand and commissioning of renewable projects.

EBITDA could surge 18.25% over the year-ago quarter as the company is likely to benefit from lower input costs arising from reduction in use of imported coal as well as moderation in overall expenses.

NTPC’s Profit After Tax or PAT could jump 27.55% over the year-ago quarter, reflecting strong operational performance and margin expansion.

Rs. Million	June 2023 estimates	YoY change	QoQ change
Revenue	418,573	2.50%	(2.15)%
EBITDA	117,767	18.25%	2.00%
Profit After Tax (Rs. mn)	48,639	27.55%	(7.35)%

Source: Brokerage Reports