NTPC Q3 Results: Brokerages Remain Optimistic Despite Muted Quarter on Cheap Valuations, Capex Plans

NTPC Ltd. reported a modest 3.1% year-on-year growth in net profit for the third quarter of fiscal year 2025, reaching ₹4,711.4 crore compared to ₹4,571.9 crore in the same quarter last year. Revenue from operations also grew by 4.8%, amounting to ₹41,352.3 crore.Despite the muted performance, brokerages remain optimistic about NTPC's future prospects due to attractive valuations and robust capital expenditure plans. Analysts highlighted that the company's EBITDA surged by 20.3% to ₹11,960.6 crore, with an improved EBITDA margin of 28.9%.Brokerages maintain positive ratings on NTPC's stock, with price targets ranging from ₹440 per share, citing the potential for growth driven by ongoing infrastructure investments and a strong focus on renewable energy projects.The company declared an interim dividend of ₹25 per share, reflecting its commitment to returning value to shareholders. As NTPC continues to navigate challenges in the power sector, its strategic initiatives and cost management efforts are expected to bolster its market position.