NTPC shares rise 3 per cent after Q2 results
The state-owned power utility reported a 14 per cent year-on-year increase in standalone net profit for the July-September quarter.
NTPC shares rose over 3 per cent to Rs 328 on the BSE during Monday's early session, according to The Economic Times. The jump followed the company reporting a 14 per cent year-on-year increase in standalone net profit to Rs 5,320 crore for the July-September quarter of FY27.
The power utility's revenue from operations increased nearly 17 per cent year-on-year to Rs 45,752 crore during the second quarter, up from Rs 39,165 crore in the same period last year. EBITDA rose approximately 9 per cent year-on-year to Rs 10,891 crore.
NTPC also announced a first interim dividend of Rs 3 per share, with November 6 set as the record date for eligibility. The group's capital expenditure stood at Rs 23,932 crore in H1 FY27, compared to Rs 23,115 crore in the corresponding period of FY26.
Jefferies maintained a ‘Buy’ call on the stock with a target price of Rs 425, noting that the September quarter profit was 16 per cent above its estimates. Nuvama Institutional Equities also maintained a ‘Buy’ rating with a target price of Rs 400 per share.
Nuvama noted that strong power demand resulted in healthy PLFs year-on-year, leading to an 11 per cent year-on-year rise in SA generation. The company has a market capitalisation of nearly Rs 1.5 lakh crore.