NTPC Ltd. - Q3 FY23 Earning Highlights | Globe Capital Market LTD.
NTPC Ltd. – Q3 FY23 Earning Highlights

The Company is trading at reasonable valuation.

Q3 FY23 Earning Overview and Verdict
Rs. 170
Beats the market estimates

Earning Highlights Q3FY23:

  • NTPC reported a net profit of Rs 4,854.36 crore for the quarter ending December 2022, which was nearly 5% higher as compared to the year-ago period. The company’s consolidated net profit had stood at Rs 4,626.11 crore.
  • The Company reported a significant jump in its total income, which rose to Rs 44,989.21 crore from Rs 33,783.62 crore in the year-ago period.
  • It has posted an EPS of Rs. 6.64 as compared to Rs. 4.68 in last year same quarter.
  • The board has also approved an interim dividend of Rs 4.25 a share for the current financial year.
  • NTPC’s gross power generation for the quarter ended December 2022 was 78.646 billion units (BU) as compared to 75.674 BU recorded in the corresponding quarter last year, the company said in an exchange filing.
  • The plant load factor (PLF) for thermal-based plants stood at 68.85% in the December quarter, 67.72% a year ago and 74.08% a quarter ago.
  • NTPC’s captive mines produced 5.35 million tonne coal in the third quarter compared with 4 million tonne a year ago. NTPC’s consumption of domestic coal fell 2.5% on year to 52.45 million tonne, while that of imported coal increased threefold to 1.57 million tonne.
  • The average tariff for the nine months ended December stood at Rs 4.96 compared with Rs 3.95 a year ago.
  • NTPC’s total installed capacity increased to 70,884 megawatt (MW) as on December 31, 2022 from 6,757 MW posted on December 31, 2021.

Valuation & View:

At the CMP of Rs. 170, the stock is trading at ttm P/E multiple of 9.5 times with the ttm EPS of Rs. 17.54.


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