NTPC declines after weak Q3 numbers

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NTPC lost 1.46% to Rs 142 at 15:01 IST on BSE after net profit fell 18.9% to Rs 2492.87 crore on 8.84% decline in total income to Rs 17657.99 crore in Q3 December 2015 over Q3 December 2014.

The result was announced during market hours today, 29 January 2016.

Meanwhile, the S&P BSE Sensex was up 336.47 points or 1.38% at 24,806.04.

On BSE, so far 3.97 lakh shares were traded in the counter as against average daily volume of 3.50 lakh shares in the past one quarter. The stock hit a high of Rs 146.55 and a low of Rs 140.40 so far during the day. The stock had hit a 52-week low of Rs 107.20 on 25 August 2015. The stock had hit a 52-week high of Rs 164.70 on 12 March 2015. The stock had outperformed the market over the past one month till 28 January 2016, rising 0.24% compared with Sensex's 6.01% fall. The scrip had also outperformed the market in past one quarter, surging 11.23% as against Sensex's 9.51% fall.

The large-cap company has equity capital of Rs 8245.46 crore. Face value per share is Rs 10.

Lower non-operational income (other income) during the quarter impacted the bottom line. Other income declined 52.39% to Rs 244.68 crore in Q3 December 2015 over Q3 December 2014.

NTPC said that its board has accorded investment approval for Telangana Super Thermal Power Project, Phase-1 (2x800 MW) at current estimated cost of Rs 10598.98 crore. Power purchase agreements (PPAs) have been signed with Southern Power Distribution Company of Telangana and Northern Power Distribution Company of Telangana, NTPC said. The commercial operation date (CoD) of first unit is envisaged in 52 months and second unit at an interval of 6 months thereafter, NTPC said.

NTPC, India's largest power company, has presence in the entire value chain of power generation business. The Government of India (GoI) holds 74.96% stake in NTPC (as per the shareholding pattern as on 31 December 2015).

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