Q4FY22 Preview: NTPC: Revenues seen at Rs27,430 crore, PAT at Rs3,114 crore

19 May 2022 , 06:15 PM

Result date: 20^th May, 2022
Recommendation: Buy
Target price: Rs200
Source: IIFL Research

NTPC is likely to witness healthy addition in its capacity during the March 2022 quarter. Company’s sales are likely to be flattish and energy sold is estimated at 71.2 BUs.  Revenue is likely to grow 3.2% over the year-ago quarter.

EBITDA could grow 5.2% over the year-ago period, while Profit After Tax (PAT) could fall 31% over the year-ago quarter. This fall is partly due to the low base effect of the year-ago quarter on the back of tax reversals.
 
Important management insights to watch out for:
·         Outlook on volumes, realizations
·         Margin levers
 

Rs Crore	March 2022 estimates	YoY change	QoQ change
Revenue	27,430	3.2%	1.4%
EBITDA	6,847	5.2%	(13.6)%
Profit After Tax	3,114	(30.6)%	(16.0)%

Source: Brokerage reports