NTPC Q2 net may rise 0.9% at Rs 2448.7 cr: ICICIdirect

ICICIdirect.com has come out with its second quarter (July-September) earnings estimates for the power sector. The brokerage house expects NTPC to report a 5.3 percent growth quarter-on-quarter (up  0.9 percent Y-o-Y) in net profit at Rs 2,448.7 crore.

Revenues of NTPC are expected to increase by 2.2 percent Q-o-Q (up 4.4 percent Y-o-Y) to Rs 15,755.3 crore, according to ICICIdirect.com.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 3.7 percent Q-o-Q (down 14.6 percent Y-o-Y) to Rs 3,804.1 crore.

ICICIdirect.com's Report on NTPC:

We expect NTPC's generation to increase 3 percent Y-o-Y to 50.4 BUs in Q2FY14E while tariff is expected to remain flat (up 1 percent). Consequently, we expect revenue to increase 4.4 percent Y-o-Y.

However, PAT is expected to remain flat at Rs 2,449 crore due to higher depreciation and interest expenses from new capacities.

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