Q2FY23 Preview: NTPC: Revenue seen at Rs351,352 million, PAT at Rs34,359 million

28 Oct 2022 , 09:46 AM

Result date: 29^th October, 2022
Recommendation: Buy
Target price: Rs200
(Source: IIFL Research)

It is likely to be a subdued quarter for NTPC. The company is likely to post divergent numbers sequentially vis-à-vis as compared to the year-ago quarter.

NTPC clocked in a 62% growth in coal production from its captive mines and has been witnessing increase in coal production from its captive mines.

NTPC’s margin would be impacted by rising costs of fuel. The company’s Profit After Tax (PAT) could decline 6.6% over the year-ago quarter.

Important management insights to watch out for:

• Outlook on coal production
• Margin drivers

 

Rs. Million	September 2022 estimates	QoQ change	YoY change
Revenue	351,352	24.1%	(8.4)%
EBITDA	82,168	13.50%	(0.5)%
Profit After Tax	34,359	7.0%	(6.6)%

Source: Brokerage Reports