Buy NHPC, target price Rs 55: JM Financial
NHPC with a target price of Rs 55. The current market price of NHPC is Rs 50.34.
NHPC, incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 50576.75 Crore) operating in Power sector. NHPC key Products/Revenue Segments include Power, Lease & Other Income, Income from Finance Leases, Other Operating Revenue, Income from Project Development and Contract Revenue for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 3010.22 Crore, up 35.07 % from last quarter Total Income of Rs 2228.68 Crore and up .65 % from last year same quarter Total Income of Rs 2990.86 Crore.
Company has reported net profit after tax of Rs 1095.38 Crore in latest quarter.Investment RationaleThe commissioning of the Parbati project has been delayed to early FY25 from late FY24 on account of torrential rains and recent floods in Himachal Pradesh, which was factored into our estimates. Two units of the 8x250MW Subansiri project are expected to be commissioned in 4QFY24.
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