ECONOMY

NHPC Q1 Review – Stable Earnings; Projects Progressing Well: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

NHPC Ltd. reported stable earnings in Q1 FY22.

Standalone reported profit after tax was up 26.3% at Rs 9.1 billion, mainly due to higher other income.

However, adjusted profit after tax was up 7.6% YoY (due to Rs 1.85 billion Covid-19 related rebate on fixed charges taken in Q1 FY21).

Standalone reported revenues / Ebitda was Rs 21.7 billion / Rs 12.8 billion, down 13.8% / 10% YoY respectively.

While generation declined 11% YoY to 7,243 million unit in Q1 FY22, mainly due to late monsoons resulting in lower water flow and shutdown of all units of Sewa-II, Q2 FY22 has so far witnessed 450 million unit higher generation YoY.

NHPC’s under construction hydro projects are progressing well and it has become aggressive on renewables, committing to five gigawatt owned renewable energy capacity by FY25.

Click on the attachment to read the full report:

ICICI Securities NHPC Q1FY22 Results Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
honestcolumnist Governmental News Finance News

Source link

Back to top button