NTPCGREEN · Power
NTPC Green Energy Ltd. reported revenue of ₹504 cr for July to September 2024, — on the year and −12.8% on the quarter.
Operating profit (EBITDA) was ₹419 cr, a margin of 83.1%, — on the year and −562 bps on the quarter.
Net profit was ₹37.0 cr, — on the year and −73.4% on the quarter, with earnings per share of ₹0.05.
Most power earnings are regulated returns on equity, with fuel costs passed through, so revenue can swing with fuel prices while profit moves far less. The quarterly statements do not carry plant load factor, capacity added and regulated equity; those come with the filing read.
On earnings per share of ₹0.55 over the last four quarters, the stock at ₹89.82 trades at 163.3 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
Other income was 33% of profit before tax.
Source: Quarterly statements
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹446 cr | ₹508 cr | ₹578 cr | ₹504 cr | ₹505 cr | ₹622 cr | ₹680 cr | ₹612 cr | ₹653 cr | ₹913 cr | ₹1,107 cr | ₹938 cr |
| YoY | — | — | — | — | +13% | +22% | +18% | +21% | +29% | +47% | +63% | +53% |
| EBITDA margin | 88.6% | 86.0% | 88.8% | 83.1% | 84.0% | 90.0% | 88.8% | 86.6% | 81.9% | 84.8% | 89.3% | 88.5% |
| Other income, % of PBT | 21% | 35% | 16% | 33% | 77% | 42% | 32% | 49% | 84% | 19% | 12% | 62% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 31% | 36% | 24% | 42% | 34% | 24% | 20% | 29% | 53% | 20% | 17% | 17% |
| Net profit | ₹56.0 cr | ₹81.0 cr | ₹139 cr | ₹37.0 cr | ₹66.0 cr | ₹233 cr | ₹220 cr | ₹86.0 cr | ₹17.0 cr | ₹197 cr | ₹305 cr | ₹138 cr |
| YoY | — | — | — | — | +18% | +188% | +58% | +132% | −74% | −15% | +39% | +60% |
| Core profit YoY | — | — | — | — | −63% | +117% | +22% | +48% | −74% | +12% | +72% | +2% |
| EPS | ₹0.12 | ₹0.14 | ₹0.24 | ₹0.05 | ₹0.08 | ₹0.28 | ₹0.26 | ₹0.10 | ₹0.02 | ₹0.23 | ₹0.36 | ₹0.16 |
| Flags | · | 1 | · | 1 | 3 | 1 | 3 | 2 | 1 | 3 | 2 | 4 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
NTPC Green Energy Ltd. reported revenue of ₹504 cr (— on the year) and net profit of ₹37.0 cr (— on the year) for July to September 2024.
1 check raised a question: Other income is carrying a large and rising share of profit. Treasury gains, interest, or one-off?
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.