{"id":14213,"date":"2025-01-26T09:07:42","date_gmt":"2025-01-26T09:07:42","guid":{"rendered":"http:\/\/torontotribune.ca\/index.php\/2025\/01\/26\/steady-growth-amidst-operational-challenges-by-gurufocus\/"},"modified":"2025-01-26T09:07:42","modified_gmt":"2025-01-26T09:07:42","slug":"steady-growth-amidst-operational-challenges-by-gurufocus","status":"publish","type":"post","link":"https:\/\/torontotribune.ca\/index.php\/2025\/01\/26\/steady-growth-amidst-operational-challenges-by-gurufocus\/","title":{"rendered":"Steady Growth Amidst Operational Challenges By GuruFocus"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div>\n<p>GuruFocus &#8211; <\/p>\n<ul>\n<li><strong><span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> Total <\/span><\/span> (EPA:) Income (Standalone Q3 FY25):<\/strong> INR42,303 crores, a growth of 5% from the previous year.<\/li>\n<li><strong>Total Income (Standalone 9M FY25):<\/strong> INR1,28,601 crores, a 6% increase from the previous period.<\/li>\n<li><strong>Profit After Tax (Standalone Q3 FY25):<\/strong> INR4,711 crores, a 3% increase from the previous year.<\/li>\n<li><strong>Profit After Tax (Standalone 9M FY25):<\/strong> INR13,871 crores, an 11% increase from the previous period.<\/li>\n<li><strong>Total Income (Group 9M FY25):<\/strong> INR1,39,777 crores, a 6% increase from the previous period.<\/li>\n<li><strong>Profit After Tax (Group 9M FY25):<\/strong> INR16,056 crores, an 8% increase from the previous period.<\/li>\n<li><strong>Subsidiaries Profit (9M FY25):<\/strong> INR1,908 crores, a 26% increase from the previous year.<\/li>\n<li><strong>Share of Profit in JVs (9M FY25):<\/strong> Increased by 11% to INR1,581 crores.<\/li>\n<li><strong>Dividend Income (9M FY25):<\/strong> INR1,309 crores, compared to INR653 crores in the previous year.<\/li>\n<li><strong>Standalone Regulated Equity (Dec 31, 2024):<\/strong> INR90,289 crores, a 7% growth from the previous year.<\/li>\n<li><strong>Consolidated Regulated Equity (Dec 31, 2024):<\/strong> INR1,05,854 crores, a 5% increase from the previous year.<\/li>\n<li><strong>Average Interest Rate (9M FY25):<\/strong> 6.64%, compared to 6.66% in the previous year.<\/li>\n<li><strong>Group Capex (9M FY25):<\/strong> INR31,133 crores, compared to INR21,642 crores in the previous year.<\/li>\n<li><strong>Standalone Capex (9M FY25):<\/strong> INR16,305 crores, compared to INR11,963 crores in the previous year.<\/li>\n<li><strong>Coal Production (9M FY25):<\/strong> 30.88 MMt, a 23% increase from the previous year.<\/li>\n<li><strong>Dividend Declared:<\/strong> Second interim dividend of INR2.5 per share for FY25.<\/li>\n<\/ul>\n<p>Release Date: January 25, 2025<\/p>\n<p>For the complete transcript of the earnings call, please refer to the full earnings call transcript.<\/p>\n<p>Positive Points <\/p>\n<ul>\n<li><span itemscope=\"\" itemtype=\"http:\/\/schema.org\/Corporation\"><span itemprop=\"name\"> NTPC <\/span><\/span> (NSE:) Ltd (BOM:532555) reported a 4% growth in power generation for the nine-month period of FY25 compared to the same period in FY24.<\/li>\n<li>The company successfully listed NTPC Green Energy Limited (NGEL), marking a significant milestone in its renewable energy expansion.<\/li>\n<li>NTPC Ltd (BOM:532555) achieved a 23% increase in coal production during the nine-month period of FY25 compared to the previous year.<\/li>\n<li>The company declared a second interim dividend of INR2.5 per share for FY25, maintaining a consistent dividend payout.<\/li>\n<li>NTPC Ltd (BOM:532555) has a robust pipeline with plans to add significant renewable and thermal capacity, aiming for 60 gigawatts of renewable energy by 2032.<\/li>\n<\/ul>\n<p> Negative Points <\/p>\n<ul>\n<li>Total income for Q3 FY25 decreased slightly to INR42,303 crores from INR43,288 crores in the same quarter of the previous year.<\/li>\n<li>The consolidated PAT growth for Q3 FY25 was only 1%, indicating a slowdown compared to previous quarters.<\/li>\n<li>NTPC Ltd (BOM:532555) faced under-recovery issues in its coal-based power plants, with an under-recovery of INR468 crores by the end of December 2024.<\/li>\n<li>The company&#8217;s other income saw a significant decline, dropping by approximately 30% YoY for the quarter.<\/li>\n<li>Challenges in commissioning due to vendor issues, particularly with BHEL, could potentially delay future projects.<\/li>\n<\/ul>\n<p> Q &amp; A Highlights <strong>Q<\/strong>: What was the under-recovery in the coal-based power plant for nine-month FY25?<\/p>\n<p><strong>A<\/strong>: As of December, the under-recovery stands at INR468 crores, improved from INR706 crores. The company aims to reduce it further to INR250-300 crores by the end of the fiscal year. &#8211; Jaikumar Srinivasan, CFO<\/p>\n<p><strong>Q<\/strong>: What is the expected capacity addition for NTPC Green in FY25, FY26, and FY27?<\/p>\n<p><strong>A<\/strong>: For FY25, the expected addition is 3,088 megawatts. For FY26 and FY27, the targets are close to 5 gigawatts and 8 gigawatts, respectively. &#8211; Jaikumar Srinivasan, CFO<\/p>\n<p><strong>Q<\/strong>: Can you provide the adjusted PAT numbers for this quarter for both standalone and consolidated?<\/p>\n<p><strong>A<\/strong>: For Q3, the standalone adjusted PAT is INR4,618 crores, a 6% YoY growth. The consolidated adjusted PAT for nine months is INR14,796 crores, a 10% YoY growth. &#8211; Jaikumar Srinivasan, CFO<\/p>\n<p><strong>Q<\/strong>: What are the expected incentive earnings under the new CERC guidelines for Q4?<\/p>\n<p><strong>A<\/strong>: The incentive earnings for Q3 were INR762 crores, and a similar trend is expected for Q4. &#8211; Jaikumar Srinivasan, CFO<\/p>\n<p><strong>Q<\/strong>: What is the status of the Bangladesh joint venture plant?<\/p>\n<p><strong>A<\/strong>: Both plants are commissioned but currently shut down due to coal and  availability issues. The investment in equity is INR1,324 crores. &#8211; Ravindra Kumar, Director of Operations<\/p>\n<p>For the complete transcript of the earnings call, please refer to the full earnings call transcript.<\/p>\n<p><a href=\"https:\/\/www.gurufocus.com\/news\/2667991\/ntpc-ltd-bom532555-q3-2025-earnings-call-highlights-steady-growth-amidst-operational-challenges\" target=\"_blank\" rel=\"nofollow\">This content was originally published on Gurufocus.com<\/a><\/p>\n<\/div>\n<p><script id=\"fb_pixel\" data-nscript=\"beforeInteractive\">!function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window, document,'script','https:\/\/connect.facebook.net\/en_US\/fbevents.js');<\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/ca.investing.com\/news\/company-news\/ntpc-ltd-bom532555-q3-2025-earnings-call-highlights-steady-growth-amidst-operational-challenges-3806721\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GuruFocus &#8211; Total (EPA:) Income (Standalone Q3 FY25): INR42,303 crores, a growth of 5% from the previous year. Total Income (Standalone 9M FY25): INR1,28,601 crores, a 6% increase from the previous period. Profit After Tax (Standalone Q3 FY25): INR4,711 crores, a 3% increase from the previous year. Profit After Tax (Standalone 9M FY25): INR13,871 crores,<\/p>\n","protected":false},"author":6,"featured_media":4339,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-14213","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Steady Growth Amidst Operational Challenges By GuruFocus - Toronto Tribune<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/torontotribune.ca\/index.php\/2025\/01\/26\/steady-growth-amidst-operational-challenges-by-gurufocus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Steady Growth Amidst Operational Challenges By GuruFocus - Toronto Tribune\" \/>\n<meta property=\"og:description\" content=\"GuruFocus &#8211; Total (EPA:) Income (Standalone Q3 FY25): INR42,303 crores, a growth of 5% from the previous year. 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