NTPC’s stand-alone top-line rose by 14.2% y o y to Rs.15,332 cr aided by higher
operational capacity.
On a stand-alone basis, the company’s capacity was higher
by 2,820 MW on a y o y basis during the quarter.
However, the OPM’s declined by 812bp y o y to 18.6% impacted by higher fuel costs.
The depreciation and interest costs too rose by 26.3% y o y and 38.5% y o y respectively during the quarter.
The company’s bottom-line was down by 10.2% y o y to Rs. 2,130 cr.
We recommend an Accumulate on the stock with a Target Price of Rs.199.
Review by Angel Broking
6th Floor, Ackruti Star, Central Road,MIDC
Andheri (E) , Mumbai-93
(91-22) 3935 7600
Website : www.angelbroking.com
operational capacity.
On a stand-alone basis, the company’s capacity was higher
by 2,820 MW on a y o y basis during the quarter.
However, the OPM’s declined by 812bp y o y to 18.6% impacted by higher fuel costs.
The depreciation and interest costs too rose by 26.3% y o y and 38.5% y o y respectively during the quarter.
The company’s bottom-line was down by 10.2% y o y to Rs. 2,130 cr.
We recommend an Accumulate on the stock with a Target Price of Rs.199.
Review by Angel Broking
6th Floor, Ackruti Star, Central Road,MIDC
Andheri (E) , Mumbai-93
(91-22) 3935 7600
Website : www.angelbroking.com
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