NTPC Q1 Results: Net profit jumps 11% to Rs 4,511 crore, beats estimates – EQ
In Short : NTPC’s Q1 results show a net profit increase of 11%, reaching Rs 4,511 crore, surpassing estimates. This robust performance highlights the company’s strong operational efficiency and strategic growth initiatives.
In Detail : NTPC to expected to gain from an increase in the number of projects in both the thermal and renewable space going forward, according to analysts.
Power generation major NTPC on July 27 reported that its Q1FY25 net profit jumped to Rs 4,511 crore, up 11 percent year-on-year.
Consolidated revenue for the April-June quarter rose 13.5 percent to Rs 44,419.2 crore, beating estimates.
According to a Moneycontrol poll of six brokerages, NTPC was expected to report a 3.5 percent on-year fall in net profit at Rs 4,733 crore, while revenue was expected to see a marginal increase of 0.07 percent to Rs 43,424 crore.
The company reported a net profit of Rs 4,733 crore and revenue of Rs 43,390 crore in the same quarter last year.
Ahead of the quarterly earnings report, NTPC shares closed 1.12 percent higher at Rs 396.55 on the National Stock Exchange (NSE). Analysts expect the power generation company to gain from an increase in the number of projects in both the thermal and renewable space.
“With rising commissioning of projects in FY25/26 (both thermal and RE) and CERC incentives, we expect FY25 to deliver superior core RoEs vs FY24,” said analysts at Nuvama.
