NEW DELHI: is likely to report an 8-14 per cent year-on-year (YoY) rise in sales for the September 2021 quarter but analysts differ widely over the bottom-line growth.
Elara Capital sees NTPC reporting a profit of Rs 3,995 crore compared with Rs 3,504.8 crore in the year-ago quarter, up 14 per cent YoY. “In Q2FY22, revenue is expected to be higher by 11 per cent YoY to Rs 27,400 crore, owing to increased growth in regulated equity. PAT is likely to be up 14 per cent YoY,” it said.
Sharekhan, meanwhile, sees profit at Rs 3,600 crore while Edelweiss pegs NTPC’s profit after tax (PAT) at Rs 3,243.10 crore.
While the former expects an 8.6 per cent growth in sales at Rs 26,800 crore, Edelweiss Securities revenue projection is at 26,533 crore, up 7.5 per cent YoY.
The PSU had posted a 9 per cent volume growth for the quarter on the back of new capacities and increased plant load factor (PLF).
“We expect under-recoveries to be contained in Q2 which should aid operational improvement sequentially. Other income is expected to decline 37 per cent YoY from lower charges on overdue which reduced significantly over the last three quarters,” Edelweiss said while adding that regulated equity will be watched out for.
Regulated equity increased from Rs 61,800 crore in FY21 to Rs 66,300 crore at the end of June, due to capacity addition.
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