NTPC Q1 profit flat at Rs 2,603 crore, misses Street estimates

NEW DELHI:State-run NTPC on Saturday reported a 0.57 per cent year-on-year (YoY) rise in net profit at Rs 2,602.79 crore compared with Rs 2,588.14 crore in the same quarter last year.

The profit figure missed ET Now poll estimate of Rs 2,650 crore.

Sales for the quarter rose 6.55 per cent YoY to Rs 24,192.59 crore from Rs 22,703.60 crore in the corresponding quarter last year. This was against ET Now poll estimate of Rs 23,506 crore sales.

Ebitda for the quarter at Rs 6,452 crore was lower than ET Now poll estimate of Rs 6,700 crore.

Margin came in at 26.70 per cent for the quarter, which was lower than ET Now poll projection of 28.50 per cent.

Shares of NTPC declined 0.72 per cent to close at Rs 123.80 on Friday.


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