ICICI has come out with its first quarter (April-June) earnings estimates for the Power sector. The brokerage house expects NTPC to report net profit at 2385.3 crore up 13.8% quarter-on-quarter.
Net Sales are expected to increase by 2.4 percent Q-o-Q (up 5.6 percent Y-o-Y) to Rs 19934.3 crore, according to ICICI.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 7 percent Q-o-Q (up 10 percent Y-o-Y) to Rs 5769.8 crore.
Source Link – Money Control