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Last Updated : Aug 14, 2020 02:54 PM IST | Source: Moneycontrol.com

NTPC beats street estimates; Q1 profit falls 6% YoY, revenue slips about 3%

A CNBC-TV18 poll had estimated NTPC's profit at Rs 1,775 crore and revenue at Rs 22,292 crore.

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Electric utility firm NTPC on August 14 reported a 5.9 percent year-on-year (YoY) fall in consolidated net profit at Rs 2,948.94 crore in Q1FY21 against Rs 3,132.73 crore in the corresponding quarter a year ago.

Consolidated revenue came at Rs 26,194.76 crore, down 2.57 percent from Rs 26,886.22 crore in Q1FY20.

The number beat estimates as a CNBC-TV18 poll had pegged NTPC's profit at Rs 1,775 crore and revenue at Rs 22,292 crore.

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Consolidated EBITDA rose 21.6 percent to Rs 8,947.7 crore against Rs 7,358.7 crore in Q1FY20. EBITDA margin stood at 34.2 percent against 27.4 percent YoY.

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Shares of the company witnessed a spike after the quarterly earnings. At 1440 hours, the stock was 2.29 percent up at Rs 89.20 on BSE.
First Published on Aug 14, 2020 02:54 pm
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