NTPC shares dropped 2% after the company reported its financial performance for Q3 FY25. As of 11:02 AM, the shares were trading 1.42% lower at Rs 319.05.
The company shared that its consolidated revenue for the quarter rose 4.8% year-on-year (YoY) to ₹41,352.3 crore, compared to ₹39,455 crore in Q3 FY24.
Net profit saw a modest increase of 3.1% YoY, reaching ₹4,711.4 crore, up from ₹4,571.9 crore during the same period last year. However, the standout figure was the EBITDA, which grew significantly by 20.3% YoY to ₹11,960.6 crore, compared to ₹9,941 crore in Q3 FY24. This remarkable growth underscores NTPC’s improved operational efficiency. The EBITDA margin also expanded to 28.9% from 25.2% a year ago, showcasing enhanced profitability.
NTPC also announced an interim dividend of ₹25 per share, further cementing its reputation as a reliable dividend-paying stock.
NTPC shares opened at ₹323.65, reaching a high of ₹325.05 and a low of ₹315.00. The stock’s 52-week high stands at ₹448.45, while the 52-week low is ₹296.85.
In the meantime, Jefferies maintained a buy rating on NTPC with a target price of ₹500, expressing confidence in the company’s medium-term growth. While Q3 profits missed estimates due to a lack of significant capacity additions, NTPC’s management is optimistic about Q4, expecting to commission 2.7 GW of thermal and 2.4 GW of renewable capacity.
The brokerage highlighted NTPC’s growth in renewables and thermal energy, alongside a double-digit EPS CAGR, as key factors for potential stock re-rating.
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