NTPC Ltd.’s profit for the quarter ended September missed analyst expectations.
Net profit of the state-run power producer was Rs 2,426 crore in the quarter, little changed from the year-ago period, according to its stock exchange filing. That compares with the Rs 2,577-crore consensus estimate of analysts tracked by Bloomberg.
The power distributor’s revenue rose 13 percent to Rs 22,261.1 crore, surpassing the Bloomberg consensus estimate of Rs 21,398 crore.
Earnings before interest, tax, depreciation and amortisation was up 2.8 percent from the year-ago period to Rs 5,592.4 crore. The company’s margin took a hit of 250 basis points to drop to 25.1 percent on a yearly basis.
The government owns a 61.7 percent stake in the power company and had mulled selling three percent stake in July. Read More
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