NTPC
FY 10 VS FY 09 REVIEW
NTPC has improved its performance in FY 10, very marginally over FY 09, as we can see from the figures and the review below :
NON CONSOLIDATED PERFORMANCE :
Net Sales has improved to Rs. 46322.59 Cr in FY 10, compared to Rs.41923.73 Cr in FY 09, i.e., by Rs.4399 cr or 10.49 percent .
Total Expenditure has also gone up to Rs.36552.26 Cr in FY 10 from Rs.33890.39 cr in FY 09,(Rs.2662 cr or 7.85 %)
Consequently, Net Profit has improved to Rs.8728.20 Cr in FY 10from Rs.8201.30 Cr in FY 09 (Rs.527 cr; 6.43%)
The NON- consolidated Basic EPS has gone up to Rs.10.59 from Rs.9.95 YOY.
At the current market price of Rs.206, the PE Ratio comes to 19.45.
CONSOLIDATED PERFORMANCE :
The consolidated figures are given below. Based on them, the consolidated Basic EPS comes to Rs.10.72 in FY 10 compared top Rs. 9.81 in FY 09.
QUARTERLY FIGURES REVIEW :
In Q4, Net Sales has gone up to Rs.12353.39 Crores (compared to Rs. 11183.73 in q/e 12/09; Rs. 10782.79 in q/e 09/09; Rs.12002.68 Cr in q/e 06/09 and Rs. 11445.78 Cr in q/e 03/09)
But, Total Expenditure also has gone up much more - in q/e 03/10 to Rs. 10419.81 Cr, from Rs.8479.84 Cr in previous qtr.
Net Profit has therefore comedown drastically in Q4 to Rs. 2017.65 Cr compared to Rs. 2364.98 in previous quarter.
Basic EPS has therefore come down in Q4 to Rs.2.45 (from Rs. 2.87; Rs. 2.61; Rs.2.66 and Rs.2.57 in immediately preceding 4 quarters).
While the general power shortage scenario is favourable to NTPC in the long term, unless costs are also controlled well, the EPS may remain sluggish.
NON CONSOLIDATED FIGURES
Description FY10(Rs. in lakhs) :: FY 09(Rs. in lakhs)
Net Sales :: 4632259 :: 4192373
Other Operating Income :: 189873 :: 220235
Consumption of Raw Materials :: 2946274 :: 2711069
Employees Cost :: 241236 :: 246313
Depreciation :: 265006 :: 236448
Other Expenditure :: 202710 :: 195209
Total Expenditure :: 3655226 :: 3389039
Other Income :: 102533 :: 114668
Interest :: 180893 :: 202290
P B T :: 1088546 :: 935947
Tax Expense :: 215726 :: 115817
P A T :: 872820 :: 820130
Net Profit :: 872820 :: 820130
Dividend (%) :: 38 :: 36
Face Value (in Rs.) :: 10 :: 10
Paid-up Equity :: 824546 :: 824546
Reserves :: 5419196 :: 4912460
Basic EPS :: (in Rs.) :: 10.59 :: 9.95
Diluted EPS :: (in Rs.) :: 10.59 :: 9.95
NTPC – CONSOLIDATED FIGURES
Description Amount(Rs. in lakhs) Amount(Rs. in lakhs)
Net Sales :: 4825641 :: 4424527
Other Operating Income :: 193211 :: 226294
Total Expenditure :: 3807621 :: 3619644
Other Income :: 101483 :: 113893
Interest :: 207803 :: 214346
P B T :: 1104911 :: 930724
Tax Expense :: 221146 :: 121478
P A T :: 883765 :: 809246
Net Profit :: 883765:: 809246
Minority Interest :: -:: -10
Consolidated Net Profit :: 883765 :: 809256
Dividend (%) - -
Face Value (in Rs.):: 10 :: 10
Paid-up Equity l 824546 :: 824546
Reserves 5438227 :: 4916185
Basic EPS :: 10.72 :: 9.81
Diluted EPS :: 10.72 :: 9.81
QUARTERLY RESULTS COMPARISON
Q e 31-Mar-10 : 31-Dec-09 : 30-Sep-09 : 30-Jun-09 : 31-Mar-09
Net Sales :; 1235339 :: 1118373 :: 1078279 :: 1200268 :: 1144578
Total Expen :: 1041981 :: 847984 :: 821281 :: 943980 :: 995231
Net Profit :: 201765 :: 236498 :: 215195 :: 219362 :: 211335
Dividend (%) 8 - - - 8
Basic EPS :: 2.45 :: 2.87 :: 2.61 :: 2.66 :: 2.57
ANNOUNCEMENTS TO THE EXCHANGE
17-05-2010 Ntpc Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 17, 2010 recommended final dividend Rs. 0.80 per equity share in addition to the interim dividend of Rs.3 per equity share already paid, the total dividend for the year 2009-10 will be Rs.3.80 per equity share. -
17-05-2010 NTPC Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 4825641 lacs for year ending on 31-MAR-2010 against Rs. 4424527 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 883765 lacs for the year ending on 31-MAR-2010 against Rs. 809256 lacs for the year ending on 31-MAR-2009. -
17-05-2010 NTPC Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 4632259 lacs for year ending on 31-MAR-2010 against Rs. 4192373 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 872820 lacs for the year ending on 31-MAR-2010 against Rs. 820130 lacs for the year ending on 31-MAR-2009. -
17-05-2010 NTPC Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 1235339 lacs for quarter ending on 31-MAR-2010 against Rs. 1144578 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 201765 lacs for the quarter ending on 31-MAR-2010 against Rs. 211335 lacs for the quarter ending on 31-MAR-2009.
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