Jefferies reiterated its buy rating on NTPC with a target price of Rs 500, citing confidence in the company’s medium-term growth trajectory despite Q3 profit falling short of estimates. The brokerage attributed the miss to the absence of material capacity additions during the quarter. However, Jefferies noted that NTPC’s management remains optimistic about Q4, expecting 2.7 GW of thermal capacity and 2.4 GW of renewable energy capacity to be commissioned. With the ramp-up in both renewable and thermal energy and a medium-term double-digit EPS CAGR, Jefferies views these as key re-rating drivers for the stock.
NTPC Q3
NTPC Limited reported its financial performance for Q3 FY25, showcasing steady growth across key metrics. The company’s consolidated revenue increased by 4.8% YoY to ₹41,352.3 crore compared to ₹39,455 crore in Q3 FY24.
Net profit for the quarter rose by 3.1% YoY to ₹4,711.4 crore, up from ₹4,571.9 crore in the same period last year.
Additionally, NTPC announced an interim dividend of ₹25 per share, reinforcing its commitment to shareholder returns.
