NTPC Ltd Q2FY23 PAT down -7.3% yoy at Rs3,338 crore due to higher fuel costs and a surge in interest costs

29 Oct 2022 , 10:13 PM

NTPC Ltd reported 36.33% growth in total revenues for the September 2022 quarter on consolidated basis at Rs44,175cr.

Revenue increase was 2.31% in sequential terms. For Q2FY23, most of the revenue growth came from the power generation business which was 37.4% yoy at Rs43,284 crore.

Other businesses of NTPC also saw a spike in revenues by 16% at Rs2,868 crore. Generation business also accounted for growth in operating profit.

Net cash from operating activities in the first half of FY23 fell to nearly half on yoy basis at Rs12,397 crore and this can be attributed to the spike in trade inventories and receivables.

Profit after tax (PAT) for September 2022 quarter was down -7.25% at Rs3,338 crore and it was down -15.20% on sequential basis.

The debt equity ratio in the quarter was flat at 1.57. However, the debt service coverage ratio improved while the debt service coverage ratio tapered in the quarter.

Operating margins at 18.34% in Q2FY23 was lower on yoy basis compared to 21.01% but higher sequentially compared to 17.67%. Net profit margins at 7.56% in Q2FY23 is lower compared to 11.11% in Q1FY22 and 9.12% in Q1FY23.

Financial highlights for Sep-22 compared yoy and sequentially

	NTPC Ltd
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 44,175	₹ 32,404	36.33%	₹ 43,177	2.31%
Net Profit (Rs cr)	₹ 3,338	₹ 3,599	-7.25%	₹ 3,937	-15.20%
Diluted EPS (Rs)	₹ 3.44	₹ 3.71		₹ 4.06
Net Margins	7.56%	11.11%		9.12%