NTPC’s Q3 FY24 standalone/ consolidated PAT was up 2%/8% over the year-ago quarter as higher surcharge income and lower tax offset the rise in fixed cost U/R (expected to normalize in Q4). It expects to award 16.8GW coal projects through FY25-27 and sees a pickup in execution of RE projects, improving outlook on LT growth. At 1.7x FY26 estimated consolidated P/B, valuations are reasonable given sectoral tailwinds and favorable stance of policymakers, believe analysts at IIFL Securities.
During the post-earnings call hosted by IIFL, NTPC stated
Analysts at IIFL Securities have maintained their FY24-26 standalone/ consolidated PAT growth estimates of 4%/10% p.a. respectively. NTPC is remains their preferred pick in the sector.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.