July 30, 2013 / 15:45 IST
NTPC has reported a marginal year-on-year rise in its June quarter profit to Rs 2527 crore as it managed to lower fuel cost. Sales, however shrunk over 3 percent year-on-year to Rs 15613 crore. EBITDA margins of the state-run firm came in at 27.3 percent as against 23.7 percent Y-o-Y
The firm managed to bring down its fuel cost by 11 percent Y-o-Y to Rs 9420 crore.
Shares of the firm declined over 2 percent to Rs 138.90 post earnings announcement. NTPC stock is inching lower to its 52 week lows of Rs 136 seen in Mar 2013 and this is despite positive management commentary and re-iteration by them that imports will gather pace in FY14 and fuel supply agreement disputes with Coal India are all in the past.
The firm has now signed FSAs with Coal India thus resolving all their long pending disputes which removes a major overhang of undersupply of coal for pre-2009 projects.
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