India’s largest energy conglomerate NTPC Limited on Saturday reported healthy second-quarter earnings for the financial year 2022-23 (Q2FY23). The top line witnessed double-digit growth, while the bottom grew marginally during the quarter, as per the company’s regulatory filing.
State-owned company’s revenue from operations surged by over 39 per cent to Rs 41,015 crore in the July-September quarter of FY23 as compared to Rs 29,471 crore in the same period a year ago.
While the profit for the July-September period jumped marginally by 5.5 per cent to Rs 3,331 crore in Q2FY23 as against Rs 3,156 crore in the corresponding quarter of the previous fiscal year.
The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) also grew in double-digits, up 23 per cent to Rs 9521 in Q2FY23 as against Rs 7,723 crore in Q2FY22.
And margins of the company dipped by 300 basis points to 23.3 per cent in the second quarter of the FY23 from 26.2 per cent in a year-ago quarter.
In segment-wise revenue, power generation grew by over 40 per cent year-on-year (YoY) at Rs 40,551 crore compared to Rs 28,851 crore in Q2FY22.
Shares of NTPC on Friday closed over 2 per cent to Rs 174.15 per share on the BSE as compared to a 0.34 per cent rise in the S&P BSE Sensex. The stock has been trading near its 52-week high of Rs 176.15 per share touched on September 15, 2022.