Saturday, July 28, 2012

NTPC - FIRST QUARTER RESULTS - FOR Q1 FY 2013 - NET SALES UP 12.62%YoY; NPT UP 20.37% YoY - FUTURE PROMISING


NTPC
FIRST QUARTER RESULTS

FOR Q1 FY 2013

NTPC  has declared improved Results for the First Quarter ending June,2012.

HIGH LIGHTS

Net Sales for Q1 FY 13 stands at Rs.15959.96 cr; down by -1.87% from Q4 FY 12 (Dec,12) of Rs.16263.56 Cr; and up by 12.62% from Q1 FY 12 , of Rs.14171.49 Cr.

Total Expenditure for Q1 FY 13 stands at Rs.13089.61 cr; up by 1.57% from Q4 FY 12 (Dec,12) of Rs.12887.42   Cr; and up by  9.57% from Q1 FY 12 , of Rs.11946.39 Cr.

Profit before Interest, Dep. & Taxes for Q1 FY 13 stands at Rs.2870.35 cr; down by -15% from Q4 FY 12 (Dec,12) of Rs.3376.14 Cr; and up by 29% from Q1 FY 12 , of Rs.2225.10 Cr.

Net Profit after Tax for Q1 FY 13 stands at Rs.2498.67 cr; down by    -3.65% from Q4 FY 12 (Dec,12) of Rs.2593.44 Cr; and up by  20.37% from Q1 FY 12 , of Rs.2075.78 Cr.

Diluted EPS for Q1 FY 13 stands at Rs.3.03 cr;  at 3.15% for Q4 FY 12; and at 2.52% for Q1 FY 12.

DETAILS

Net Sales    for Q1 FY 13 stands at Rs.15959.96 cr; down by  -1.87% from Q4 FY 12 (Dec,12) of Rs.16263.56 Cr; and up by 12.62% from Q1 FY 12 , of Rs.14171.49 Cr.

Cost of materials consumed   for Q1 FY 13 stands at Rs.10597.72 cr; up by  1.48% from Q4 FY 12 (Dec,12) of Rs.10442.95 Cr; and up by       8.7% from Q1 FY12 , of Rs.9749.82 Cr.

Employee benefits        for Q1 FY 13 stands at Rs.790.67 cr; down by      -11.8% from Q4 FY 12 (Dec,12) of Rs.896.33 Cr; and up by 14.47% from Q1 FY 12 , of Rs.690.72 Cr.

Depreciation        for Q1 FY 13 stands at Rs.760.22 cr; up by  3.25% from Q4 FY 12 (Dec,12) of Rs.736.26 Cr; and up by 18.58% from Q1 FY 12 , of Rs.641.13 Cr.

Other expenses for Q1 FY 13 stands at Rs.941.00 cr; up by 15.9% from Q4 FY 12 (Dec,12) of Rs.811.88 Cr; and up by 8.82% from Q1 FY 12 , of Rs.864.72 Cr.

Total expenses   for Q1 FY 13 stands at Rs.13089.61 cr; up by  1.57% from Q4 FY 12 (Dec,12) of Rs.12887.42 Cr; and up by  9.57% from Q1 FY 12 , of Rs.11946.39 Cr.

Profit before tax            for Q1 FY 13 stands at Rs.3255.93 cr; down by    -11% from Q4 FY 12 (Dec,12) of Rs.3657.40 Cr; and up by 14.36% from Q1 FY 12 , of Rs.2847.15 Cr.

Tax Expenses       for Q1 FY 13 stands at Rs.757.26 cr; down by      -28.8% from Q4 FY 12 (Dec,12) of Rs.1063.96 Cr; and down by -1.83% from Q1 FY 12 , of Rs.771.37 Cr.

Net Profit for Q1 FY 13 stands at Rs.2498.67 cr; down by   -3.65% from Q4 FY 12 (Dec,12) of Rs.2593.44 Cr; and up by 20.37% from Q1 FY 12 , of Rs.2075.78 Cr.

Face Value of Share  stands at Rs.10;Paid-up Equity stands at Rs.8245.46 Cr;

Basic EPS for Q1 FY 13 stands at Rs.3.03; At Rs.3.15 for q4 FY 12; and at Rs.2.52 for Q1 FY 12. NTPC is gradually moving up in Profitability and EPS. For current year, it might clock an EPS of around Rs.13-14. The current share price is around Rs.153. The PE Ratio stands at 10.93.

Public Shareholding  in NTPC stands at 15.5%.

ANNOUNCEMENTS BY NTPC

14th June, 2012 : Unit-11 of 500 MW of Vindhyachal Super Thermal Power Station has been commissioned on 14.06.2012 at 07:35 Hrs. With this, the total capacity of NTPC group has become 39,174 MW.

7th June, 2012 : Meja Urja Nigam Private Limited, a Joint Venture of NTPC Ltd and UPRVUN Limited has achieved financial closure for Meja Thermal Power Project (1320 MW), located in the state of Uttar Pradesh. A loan agreement for Rs. 7,575 crore was signed on June 06, 2012 with consortium of sixteen Banks led by State Bank of India and syndicated by SBI Capital Markets Ltd.

4th June, 2012 :  Unit # 3 of 660 MW of Sipat Super Thermal Power Station Stage-I has been commissioned on 02.06.2012 at 22:10 Hrs. With this, the total capacity of NTPC group has become 38,674 MW.

25th May, 2012 : Unit # 5 of 500 MW of Rihand Super Thermal Power Project has been commissioned on 25.05.2012 at 02:29 Hrs. With this, the total capacity of NTPC group has become 38,014 MW.

25th May, 2012 : Unit # 2 of 660 MW of Sipat Super Thermal Power Station Stage-I is declared for Commercial Operation w.e.f. 00:00 Hrs of 25.05.2012. With this the commercial capacity of Sipat Stage-I is 1,320 MW and that of NTPC Group is 36,014 MW.

11th May, 2012 :  With a view to have benefit of synergy of operation, enhancement of efficiency and administrative control and to optimize utilization of resources, the Board of Directors has approved a Scheme of Amalgamation of NTPC Hydro Limited (NHL), a wholly owned subsidiary of NTPC Limited with NTPC Limited subject to – other formalities.

23rd April, 2012       :   Unit-II of 500 MW of Indira Gandhi Super Thermal Power Station at Jhajjar of Aravali Power Company Private Limited (APCPL) a JV of NTPC Limited, Haryana Power Generation Corporation Limited, Govt. of Haryana and Indraprastha Power Generation Company, Govt. of Delhi is declared on commercial operation w.e.f. 00:00 Hrs of 21.04.2012. With this the total commercial capacity of Indira Gandhi Super Thermal Power Station has become 1,000 MW and that of NTPC Group - 35,354 MW.

19th April, 2012 : Unit-I of 500 MW of Mouda Super Thermal Power Project has been commissioned on 19.04.2012 at 05:41 Hrs. With this, the total capacity of NTPC group has become 37,514 MW.

4th April, 2012  : Unit # 6 of 500 MW of Farakka Super Thermal Power Station is declared for Commercial Operation w.e.f. 00:00 Hrs of 04.04.2012. With this the commercial capacity of Farakka is 2100 MW.

EXCERPTS FROM

Chairman's Statement dated 20.09.2011

35th ANNUAL GENERAL MEETING

NTPC's vision of : “the world's largest and best power producer, powering India's growth”.

The delightful development of putting on commercial operation Unit # 3 of 500 MW capacity at Simhadri on September 16, 2011.

About to bring on commercial operation of  Farakka Stage-III of 500 MW and Sipat Unit # 1 of 660 MW.

Accounting for over 29% of total power generated in the country with about 19% of installed capacity, NTPC group has been maintaining its large fleet of 138 operational units of varying sizes and vintage with best-in-class performance, befitting its position as the sector leader in size and performance.

NTPC’s stature has been acknowledged globally as seen in NTPC being:

Ranked #1 IPP in Asia and #2 in the world in 2010 by Platts - a division of the prestigious McGraw-Hill group, and Ranked 348th in the Forbes 2011 List of the World's Largest Public Companies.

NTPC has been given the 'Businessworld Most Respected Company Award 2011', in power sector. NTPC enjoys the highest rating “AAA” assigned by the domestic rating agencies. It also enjoys “BBB-” rating with stable outlook by Standard & Poor's and Fitch, at par with the sovereign rating of the Government of India.

Performance during 2010-11 also, the highlights of which  are :

Commissioning of 2490 MW new capacity, the highest in a year in the history of the Company.
First super critical unit of NTPC at Sipat synchronized in 02/ 2011, achieving full load in 06/ 2011.

1600 MW capacity declared commercial.

7 coal based stations of NTPC among the top ten stations in the country in terms of Plant Load Factor (PLF).

Out of 15 coal stations,10 Stations had PLF of over 90% including 3 Stations over 95%.

100% payment from the customers against current billing.

Signing of power purchase agreements for 49,000 MW capacity, securing a capacity base of about 100,000 MW.

Appointment of Mine-Developer-Cum-Operator for NTPC's first coal mine Pakri-Barwadih with mining capacity of 15 MTPA.

Healthy profitability ratios with Return on Capital Employed (RoCE) at 14.30% and Return on Net Worth (RoNW) at 16.92%.

Posting overall performance at the level of 'Excellent' category parameters under MoU with GOI.

Trading of 6.9 billion units of power by NTPC Vidyut Vyapar Nigam Ltd. (NVVN), as against 4.6 billion units in the previous year, with second largest share of the power trading market.

HIGH performance level during first quarter of 2011-12 : highlights:-
Achieving all project implementation milestones in 'Excellent' category according to the MoU with the Government of India.

Total income increased by 12% to  15,168 crore.

Profit after tax increased by 13% to  2,076 crore.


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