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NTPC: Good Start to the Year - Views on News from Equitymaster
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NTPC: Good Start to the Year
Sep 29, 2016

NTPC declared results for the quarter ended June 2016. The revenues and profits grew by 11% and 4% during the quarter as compared to a year ago. Here is our analysis of the results.

Standalone financial performance
(Rs m) 1QFY16 1QFY17 Change
Net sales 171,131 190,662 11.4%
Expenditure 135,616 138,524 2.1%
Operating profit (EBDITA) 35,515 52,139 46.8%
EBDITA margin (%) 20.8% 27.3%
Other income 2,409 1,579 -34.5%
Depreciation 11,863 13,952 17.6%
Interest 7,515 9,004 19.8%
Profit before tax 18,546 30,761 65.9%
Tax -4,219 7,066 -267.5%
Effective tax rate -23% 23%
Profit after tax/(loss) 22,765 23,695 4.1%
Other comprehensive income/ (expense) -337 -295 -12.4%
Total comprehensive income 22,428 23,400 4.3%
Net profit margin (%) 13.1% 12.3%
No. of shares (m) 8,245.5
Diluted earnings per share (Rs)* 12.5
Price to earnings ratio (x) 12.1

(*On a trailing 12-month basis)

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