28 Jan 2022 , 10:08 AM
Result date: 29th January, 2022
Recommendation: Buy
Target price: Rs. 165
(Source: IIFL Research)
NTPC is could post 4.5% YoY growth in generation, driven by its coal-based stations and increasing power demand. This, coupled with improvement in realization could drive a 11.4% YoY rise in revenues to Rs 271,604 million. The company could add 1,307 MW of capacity (coal — 1,160 MW and solar — 147 MW) during the quarter.
NTPC though could post moderate improvement in PAT. This is because improvement in power generation and healthy pace of commercialization of new capacities would be offset by lower surcharge income. Consequently, its PAT could move up by 3.4% on a YoY basis to Rs 34,205 million.
Important management insights to watch out for:
Rs. Million | December 2021 estimates |
Revenue | 271,604 |
YoY change | 11.4% |
EBITDA | 74,361 |
PAT | 34,205 |
YoY change | 3.4% |
Source: Brokerage reports
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