NTPC Q1 PAT seen down 10.% at Rs 2427.9 cr: ICICI Securities

ICICI Securities has come out with its first quarter (April-June) earnings estimates for the Power and coal sector. The brokerage house expects NTPC to report a 10.6 percent degrowth quarter-on-quarter (up of 3.7 percent year-on-year) in net profit at Rs 2427.9 crore.Sales are expected to increase by 1.3 percent Q-o-Q (up 7.3 percent Y-o-Y) to Rs 18338.5 crore, according to ICICI Securities.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 6.2 percent Q-o-Q (up 48.8 percent Y-o-Y) to Rs 5115.2 crore.ICICI Securities's report on NTPCDespite 6.7 percent fall in fuel cost, NTPC’s Q1FY17 revenue is likely to increase 7.3 percent due to Rs 66bn increase in regulated equity and Rs 665mn higher PLF based incentive Y-o-Y.Expect EBITDA to grow 49 percent Y-o-Y on higher revenue and absence of PAF linked under-recoveries in Q1FY17 and tax reversal adjustment in the base quarter. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.