27 Oct 2023 , 10:43 AM
Result date: October 28, 2023
Recommendation: Buy
Target price: Rs. 250
India’s largest integrated power utility company, NTPC, could post 3% year-on-year decline in revenue, as per estimates by IIFL Capital Services.
The company reported plant availability factor (PAF) during the September 2023 quarter over the year-ago quarter. This means that incentive income is likely to be similar. NTPC’s under-recoveries should come down, which in turn could aid operational performance.
The company could post 21.6% growth in Profit After Tax (PAT) as compared to the year-ago quarter.
Important management insights to watch out for:
| Rs. Million |
September 2023 estimates |
YoY change |
| Revenue |
405,791 |
(3.0)% |
| EBITDA |
105,453 |
2.0% |
| Profit After Tax |
40,504 |
21.6% |
Source: IIFL Research
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