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News Topical, Digital Desk : NTPC Ltd released its second quarter results on Thursday, October 30. The company's standalone profit remained almost stable, while revenue saw a slight decline. Both revenue and EBITDA were better than market expectations. Profit was in line with market estimates. Margins improved and were better than market expectations. The results were released after market hours. In Thursday's session, NTPC Ltd shares fell by Rs 2.80 or 0.80% to close at Rs 345.10 on the BSE.
The company's standalone profit increased marginally by 0.11% to ₹4,653 crore, compared to ₹4,648 crore in the same period last year. The market had estimated a profit of ₹4,654 crore. The company's quarterly revenue fell 2.9% to ₹39,166 crore, compared to ₹40,337 crore in the same quarter last year. Its EBITDA increased 3.4% to ₹10,019 crore, compared to ₹9,685.9 crore in the previous year. The EBITDA margin also improved from 24% to 25.6%.
Performance compared to estimates: According to estimates from a CNBC-TV18 poll, NTPC's net profit was estimated at ₹4,654.4 crore, with actual profits remaining roughly the same. The company's revenue was slightly higher than the ₹39,050 crore estimate. EBITDA also exceeded expectations. EBITDA came in at ₹10,019 crore, compared to estimates of ₹9,951 crore. Margins also exceeded expectations at 25.4%.
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