NTPC - Q2FY21 - Angel Broking

Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd

NTPC Ltd consolidated revenue from operations for Q2FY21 stood at ₹27,707 crores up by 7.8% YoY from ₹25,708 crores in Q1FY21. Revenue from generation business has increased by 8.6% from ₹25178 in Q2FY20 to ₹27343 crores in Q2FY21. Profit before tax for the quarter stood at ₹3729 crore down by 9.3% as compared to ₹4112 Crore in Q1FY20, due to Central electricity regulation commission has directed that late payment surcharges shall apply at a reduced rate of 12% instead of normal rate of 18%. Profit after tax for the quarter stood at ₹3088 Crore up by 7.8% as compared to ₹2865 Crore in Q1FY20.While the company posted a good set of numbers for the quarter. Company has fixed 13th November, 2020 as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of equity shares.

Shares of NTPC LTD. was last trading in BSE at Rs.89.25 as compared to the previous close of Rs. 87.6. The total number of shares traded during the day was 1259000 in over 5163 trades.

The stock hit an intraday high of Rs. 89.5 and intraday low of 87.95. The net turnover during the day was Rs. 111892628.

Source : Equity Bulls

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