With growth prospects improving, more steam left in NTPC stock

The power generator's growth prospects are improving and capacity expansions provide medium-term visibility

NTPC, India’s premier power generator, had a strong fourth quarter.  Revenues from operations fell 0.9 per cent to Rs 30,102 crore from Rs 30,390 crore a year ago. But PAT surged to Rs 4,649 crore from Rs 1,630 crore. This was due to a tax refund of Rs 968 crore versus tax paid of Rs 4,958 crore YoY.

Consolidated revenue from operations in FY21 was up 1.8 per cent YoY to Rs 1,11,531 crore from Rs 1,09,464 crore. PAT for the FY21 was up 25.8 per cent to Rs 14,969 crore versus Rs 11,902 crore. Tax paid declined 74 per