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ICICI Securites Report
NHPC Ltd. has reported good earnings in Q4 FY21.
Standalone reported profit after tax was up 5.6% at Rs 4 billion, mainly due to higher surcharge income.
However, adjusted profit after tax was up 21.2% YoY at Rs 4.6 billion (one-time provision of Rs 0.6 billion).
Standalone reported revenue/Ebitda was Rs 13.4 billion/Rs 4.3 billion, down 30%/22.5% YoY respectively.
The quarter’s performance takes the company’s FY21 adjusted earnings per share to Rs 3.2 (up 7.5% YoY) which, considering the company had provided Rs 1.9 billion rebate on fixed costs in Q1 FY21, is a significant achievement.
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