Q3FY24 Preview: NTPC: Revenue seen at ₹446,473 Million, PAT at ₹48,651 Million

29 Jan 2024 , 07:32 AM

Result date: January 29, 2024

Recommendation: Buy

Target price: ₹340

(Source: IIFL Research)

State-run power utilities company NTPC could post flattish revenue for the December quarter as compared to the year-ago quarter. The company could benefit from regulated return, increased generation and capacity additions. The company commissioned 50MW of Dayapar Wind Energy Project during the quarter. 

NTPC’s Profit After Tax or PAT could inch up 1.6% as compared to the year-ago quarter.

Important management insights to watch out for:

• Update on commissioning of new capacities
• Outlook on margins, profitability

₹ Million	December 2023 estimates	YoY change
Revenue	446,473	0.2%
EBITDA	127,177	15%
Profit After Tax	48,651	1.6%

Source: Brokerage Reports