NTPC Announces Quarterly Results (1QFY21); Net Profit Down 20.3%

Thu, 10 Sep

NTPC has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

NTPC Quarterly Financials

Year-on-Year Performance:

• The company's operating income during the quarter fell 3.1% on a year-on-year (YoY) basis. The expenses were down by 11.5% YoY during the same period.
• The company's operating profit increased by 7.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.6% in 1QFY21 as against 26.7% in 1QFY20.
• Depreciation charges increased by 23.3% and finance costs increased by 33.0% YoY, respectively.
• Other income increased by 74.0% YoY during the quarter.
• Net profit for the quarter declined by 20.3% YoY. Net profit margins during the quarter declined from 8.5% in 1QFY20 to 6.9% in 1QFY21.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 13.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 21.2% QoQ during the same period.
• The company's operating profit declined by 5.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.6% in 1QFY21 as against 26.9% in 4QFY20.
• Net profit for the quarter increased by 378.0% QoQ, while net profit margins increased from -2.1% in 4QFY20 to 6.9% in 1QFY21.

To see how NTPC has performed over the last eight quarters,please visit here.

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NTPC Share Price Performance

Over the last one year,NTPC share price has moved down from Rs 126.3 to Rs 89.9, registering a Loss of Rs 36.5 or around 28.9%.

Meanwhile, the S&P BSE POWER Index is trading at Rs 1,690.0 (up 0.9%). Over the last one year it has moved down from 1,929.6 to 1,690.0, a gain of 240 points (down 12.4%).

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 89.9, the price to earnings (P/E) ratio of NTPC stands at 18.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.