Dolat Capital: NTPC Q2 Review - Maintains FY21 Capex Targets; Unchallenging Valuations
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Dolat Capital Report
NTPC Ltd.’s Q2 sales was up 8% YoY at Rs 247 billion while RPAT was Rs 35 billion, up 7% YoY.
It has provided for a rebate of the remaining Rs 5.6 billion of its Rs 13.6 billion rebate to State Electricity Boards due to Covid-19, after having provided Rs 8 billion in Q1.
It has announced a buyback of up to 2% of the paid up capital at Rs 115 per share.
The company added capacity of 984 mega watt H1 FY21, including 24 mega watt of renewables.
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