NTPC Badarpur Thermal Power Station (Photographer: Prashanth Vishwanathan/Bloomberg)

Q4 Results: NTPC’s Profit Beats Estimates, Margins Disappoint 

NTPC Ltd.’s profit in the quarter-ended March surpassed analysts’ estimates, even as its operational performance disappointed.

Net profit rose 63 percent from the year-ago period to Rs 2,925.6 crore, the state-run power generator said in an exchange filing today. That’s higher than the Bloomberg consensus estimate of Rs 2,715 crore.

Revenue rose 13 percent to Rs 23,100 crore, higher than the Bloomberg consensus estimate of Rs 21,604.5 crore. Revenue from power generation business increased 9.6 percent to Rs 22,685 crore, as power generation volume rose 7.5 percent.

Operating performance, however, missed estimates with earnings before interest, tax, depreciation, and amortisation rising 8.2 percent to Rs 5,910 crore and margins falling 120 basis points to 25.6 percent.

The NTPC's board decided to pay a final dividend of Rs 2.39 per share for the ongoing financial year. The final dividend is in addition to the interim dividend of Rs 2.73 per equity share paid in February this year.

Following the earnings announcement, shares of the state-owned company rose as much as 2.75 percent to Rs 169.8 apiece.

Also Read: NTPC To Exit Joint Venture With BHEL

Other Highlights

  • Coal plant load factor dropped to 79.03 percent from 81.21 percent.
  • Coal plant availability factor stood at 86.63 percent compared to 94.97 percent earlier.
  • Domestic coal supplied increased 10.3 percent to 45.77 million metric tonnes.
  • Average tariff declined 2.1 percent to Rs 3.23 per kilowatt hour.
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