NTPC · Power
NTPC Ltd. reported revenue of ₹44,983 cr for July to September 2023, — on the year and +4.4% on the quarter.
Operating profit (EBITDA) was ₹12,680 cr, a margin of 28.2%, — on the year and −62 bps on the quarter.
Net profit was ₹4,726 cr, — on the year and −3.7% on the quarter, with earnings per share of ₹4.76.
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.
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.
No check fired. That is a statement about the checks below, not a verdict on the company.
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.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹44,983 cr | ₹42,820 cr | ₹47,628 cr | ₹48,529 cr | ₹44,706 cr | ₹45,069 cr | ₹49,834 cr | ₹47,064 cr | ₹44,786 cr | ₹45,846 cr | ₹49,686 cr | ₹50,741 cr |
| YoY | — | — | — | +13% | −1% | +5% | +5% | −3% | +0% | +2% | −0% | +8% |
| EBITDA margin | 28.2% | 26.5% | 29.4% | 27.7% | 26.1% | 29.6% | 29.6% | 26.7% | 28.6% | 31.8% | 17.1% | 32.0% |
| Other income, % of PBT | 15% | 39% | 17% | 16% | 46% | 14% | 39% | 42% | 37% | 22% | 124% | 17% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 30% | 21% | 20% | 24% | 24% | 29% | 26% | 21% | 28% | 30% | — | 25% |
| Net profit | ₹4,726 cr | ₹5,209 cr | ₹6,490 cr | ₹5,506 cr | ₹5,380 cr | ₹5,170 cr | ₹7,897 cr | ₹6,108 cr | ₹5,225 cr | ₹5,597 cr | ₹10,615 cr | ₹6,896 cr |
| YoY | — | — | — | +12% | +14% | −1% | +22% | +11% | −3% | +8% | +34% | +13% |
| Core profit YoY | — | — | — | +8% | −33% | +55% | −5% | −26% | +19% | +1% | −106% | +68% |
| EPS | ₹4.76 | ₹5.32 | ₹6.36 | ₹5.65 | ₹5.44 | ₹5.22 | ₹7.85 | ₹6.20 | ₹5.23 | ₹5.66 | ₹10.81 | ₹6.93 |
| Flags | · | 1 | · | ✓ | 2 | ✓ | 2 | 2 | ✓ | ✓ | 3 | ✓ |
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 Ltd. reported revenue of ₹44,983 cr (— on the year) and net profit of ₹4,726 cr (— on the year) for July to September 2023.
None of the 2 checks that could run raised a question.
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.