NHPC Ltd. share price target

Revenue fell by 44.79% to Rs. 1298.35 Cr in Q3FY17 when compared to the previous quarter. Also, it fell by 3.41% when compared with Q3FY16.

ICICI Securities Ltd | Retail Equity Research NHPC reported its Q3FY17 results, which were in line with our estimates barring PAT, which was optically below estimates on account of a higher effective tax rate. The company also announced a buyback of 81.13 crore shares at a maximum price of | 32.25/share, which would lead to maximum outflow of | 2616 crore Revenues came in at | 1308 crore, down 10.6% YoY, a tad higher than I-direct estimate of | 1287 crore. Generation is expected to be...

ICICI Securities Ltd | Retail Equity Research Reported revenues came in at | 2403.4 crore vs. our estimate of | 2504.9 crore. Generation was up 1.9% YoY at 849 crore units on account of 2x44 MW TLDP IV added in Q2FY17. However, provisional tariff for units commissioned was lower (tariff allowed as per initial DPR). Hence, revenues from sale of power were at | 2351.7 crore vs. our estimate of | 2494.5 crore. In Q2FY17, the company put two units of TLDP IV project (88 MW) on commercial operation...

ICICI Securities Ltd | Retail Equity Research Net sales were at | 2196.7 crore as per new Ind AS. Reported numbers include write-back of advance against depreciation the quantum of which has not been mentioned in result release. Generation as reported by CEA declined 3.7% to 744.6 crore units, below our estimate of 2.9% decline at 760.1 crore units. Sales were higher as tariff order was finalised for eight projects during Q1FY17, resulting in higher tariff of | 3.05/unit vs. our estimate of | 2.65/unit...

ICICI Securities Ltd | Retail Equity Research While generation increased 2% YoY in Q4FY16 to 300.9 crore units, tariff realisation also increased 7% YoY to | 5.3/Kwhr, above I-direct...