NTPC is slated to announce its 1QFY2014 results. The company is expected to post 3.5% yoy growth in its top-line to Rs. 16,519cr. On the operating front, OPM is likely to expand by 135bp yoy to 24.1% while net profit is expected to come in flat yoy to Rs. 2,516cr.
NTPC is currently trading at relatively cheap valuations of 1.2x 2015E BV. We maintain Accumulate rating on the stock.
