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NTPC - 3QFY2013 Result Review - Angel Broking



Posted On : 2013-01-21 21:52:41( TIMEZONE : IST )

NTPC - 3QFY2013 Result Review - Angel Broking

NTPC (CMP: Rs.163/ TP: -/ Upside: -)

NTPC has announced its 3QFY2013 results. The company's top-line performance was below our expectations, growing by 2.9% yoy to Rs.15,775cr. However, on the EBITDA front, the OPM expanded by 670bp to 25.3% mainly on account of 638bp yoy decrease in fuel cost (due to higher availability of domestic coal). Consequently, net profit grew by 22% yoy to Rs.2,597cr. We remain Neutral on the stock.

Source : Equity Bulls

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