NTPC Q2 PAT seen down 24.7% at Rs 2,366 cr: Poll

India's largest power generation company NTPC will declare its second quarter (July-September) earnings today. According to a CNBC-TV18 poll, analysts on an average expect steady performance from the company during the quarter on the back of healthy plant availability factor (PAF).

They expect around 85 percent 'coal-fired plant availability' to enable steady performance.

According to them, low base effect will help the company post Y-o-Y growth in normalised profit after tax.

In the typically weak monsoon quarter, analysts say if one considers normalised profit after tax of Q2FY13, then second quarter FY14 PAT is expected to show improvement of around 24 percent year-on-year on the back of around 85 percent PAF and 77 percent utilisation (plant load factor) for coal-fired stations.

However, without adjustment (of normalised PAT), profit after tax is expected to fall 24.7 percent year-on-year to Rs 2,366 crore while net sales may decline 3 percent Y-o-Y to Rs 15,634 crore in the quarter gone by.

Earnings before interest, tax, depreciation and amortisation (EBITDA) is likely to slip 6.9 percent Y-o-Y to Rs 3,934 crore and operating profit margin may drop 100 basis points on yearly basis to 25.2 percent in three-month period ended September 2013.