NTPC Shares Wobbly Ahead Of Q2 Earnings: What To Expect
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NTPC‘s share price was wobbly on Thursday morning ahead of its scheduled earnings release later today.

What To Expect: Antique Stock Broking projects a modest 5% revenue growth for NTPC during September, attributing the slow growth to lower temperatures across the country, which may lead to slightly lower plant load factors (PLFs).

The brokerage maintains a positive outlook on NTPC's capacity expansion initiatives, emphasising that in addition to the 9.6 gigawatts of thermal capacity currently under construction, the company is expected to award another 15 gigawatts.

EstimatesRevenueProfit
Elara Capital43,132.24,276
Motilal Oswal42,9194,070
Sharekhan41,1354,465
Antique Broking41,693.44,613.1
Average42,219.94,356
All numbers in ₹ crore.

See Also: HUL Falls 5% After Q2 Results Marginally Miss Estimates, Analysts Expect Recovery

Motilal Oswal expects NTPC's second-quarter standalone revenue and EBITDA to grow by 2% and 13% year on year, respectively. The growth is supported by strong PLF performance, an increase in commercial capacity by around 1.3 gigawatts since Q2FY24 and higher consultancy and project management fees.

The brokerage forecasts a 41% jump in adjusted profit after tax, partly due to an ₹600 crore adjustment related to prior-year sales in Q2FY24.

Elara Capital expects NTPC's regulated equity to remain stable at ₹87,700 crore for Q2FY25, compared with ₹81,500 crore in the same quarter last year. Since NTPC earns assured returns on its regulated assets, the brokerage anticipates a healthy quarter. It forecasts revenue growth of 6% and a 10% rise in profit, driven primarily by an increase in regulated equity.

Price Action: NTPC’s share price was up 0.18% to trade at ₹409.05 as the markets opened on Thursday.

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