NTPC Share Price: Q3 Results mein Profit Miss, par Future mein Tezi ki Umeed!

ENERGY
Whalesbook Logo
AuthorIshaan Verma|Published at:
NTPC Share Price: Q3 Results mein Profit Miss, par Future mein Tezi ki Umeed!
Overview

NTPC ka Q3 results aa gaye hain aur numbers thode mixed hain. Standalone profit toh expectation ke aas paas raha, par adjusted profit aur EBITDA neeche reh gaye. Iska reason hai power ki kam demand. Par analysts ko future ka bharosa hai aur demand badhne ki umeed hai.

Dekho, Motilal Oswal ki latest report bolti hai ki Q3 mein NTPC ka performance kuch aisa raha: Standalone Profit After Tax (PAT) toh analyst ke expectation ke hisaab se hi tha, lekin 'adjusted PAT' expectation se 6% kam nikla. EBITDA bhi neeche reh gaya. Ye sab low power demand ki wajah se hua, jisne generation ko affect kiya.

Abhi stock price chal raha hai ₹285.50 ke aas paas (Feb 2, 2026 tak), market cap hai lagbhag ₹2.8 Lakh Crore ka aur P/E ratio chal raha hai 17.2x ke aas paas. High trading volume dikha raha hai ki investors is news par dhyan de rahe hain.

Par sab kuch bura nahi hai! Company ne FY26 ke liye apna thermal capacity target poora kar liya hai, aur FY27/FY28 ke liye bhi bade targets set hain. Analysts ko lagta hai ki December 2025 aur January 2026 mein power ki demand pakka badhegi, jisse plant load factors (PLFs) bhi sudhrenge. Plus, jo Narela Khetri transmission line ban rahi hai, uske baad NGEL (NTPC Green Energy Limited) ka curtailment (generation bandh karna) lagbhag zero ho jayega. Shareholders ke liye khushkhabri yeh hai ki company ne interim dividend bhi announce kiya hai ₹5.5 per share ka FY26 ke liye.

Motilal Oswal ne is sab ko dekhte hue target price rakha hai ₹393. Ye valuation unhone alag-alag businesses ko jod kar nikali hai. Standalone, coal, aur dusre businesses ko ₹213 value di hai (Dec'27E P/B 2x pe), subsidiaries ko ₹21, aur joint ventures ko ₹45 (Dec'27E P/B 2x pe). NGEL wale stake ko thoda discount pe rakha hai, 25% kam price pe. Yeh sab India ke power sector ke growth ko dekh kar kiya gaya hai, jahan industry aur electrification ki wajah se demand badh rahi hai.

Disclaimer:This content is for educational and informational purposes only and does not constitute investment, financial, or trading advice, nor a recommendation to buy or sell any securities. Readers should consult a SEBI-registered advisor before making investment decisions, as markets involve risk and past performance does not guarantee future results. The publisher and authors accept no liability for any losses. Some content may be AI-generated and may contain errors; accuracy and completeness are not guaranteed. Views expressed do not reflect the publication’s editorial stance.