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NTPC - Q3 FY13 Result First Cut - Microsec



Posted On : 2013-01-21 19:53:47( TIMEZONE : IST )

NTPC - Q3 FY13 Result First Cut - Microsec

NTPC Ltd announced its Q3 FY13 results on 21st January 2013.

NTPC Ltd has posted a standalone net profit of Rs 2596 Crore for the third quarter ended December 31, 2012 as compared to Rs 2130 Crore for the quarter ended December 31, 2011, representing an increase of 22%. Total income has increased from Rs 15383 Crore for the quarter ended December 31, 2011 to Rs 15807 Crore for the quarter ended December 31, 2012, representing an increase of 3%.

EBITDA Margin of the company increased from 18.66% to 25.48%, registering an improvement of 6.8%.

Government of India has cleared the proposal to disinvest a 9.5% stake in NTPC by February. The sale in NTPC of around 78.3 Cr shares is likely to be through the offer for sale (OFS) route and could fetch the government close to Rs 130 bn.

At these levels, valuations are reasonable coupled with recent positive developments such as its proposed FSA with CIL, restoration of its coal block augur well for the company.

Source : Equity Bulls

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