NHPC Q4 Review - Steady Earnings Buoyed By Surcharge Income: ICICI Securities

NHPC’s Omkareshwar Power Station in Madhya Pradesh. (Source: Company website)

NHPC Q4 Review - Steady Earnings Buoyed By Surcharge Income: ICICI Securities

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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.

Click on the attachment to read the full report:

ICICI Securities NHPC Q4FY21 Results Update.pdf


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