NTPC shares up as Q4 PAT rises 69% at Rs 4,381.6 crore

MUMBAI: Shares of NTPC spiked up in trade on Friday after the company reported a jump of 69 per cent in net profit at Rs 4381.6 crore for the quarter ended March 2013 compared to a net profit of Rs 2,593.4 crore in the corresponding quarter a year ago.

According to analysts, the company's profits were boosted by exceptional item of Rs 1,684.1 crore. NTPC received exceptional item as interest from DESU - Delhi Electric Supply Undertaking.

Its net sales for Q4 increased to Rs 16,462 crore, up 1.2 per cent, from Rs 16,264 crore in the year-ago period.

NTPC reported EBITDA of Rs 4,793.7 crore for the quarter, up 14 per cent, from Rs 4205 crore, year-on-year (YoY), and margins increased to 27.6 per cent from 25.7 per cent, YoY.

The margins were boosted by lower-than-expected fuel costs.

The stock was at Rs 157.60, up 0.74 per cent, on the BSE. It touched a high of Rs 160.20 and a low of Rs 156.50 in trade today.