BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Tata Power Company Ltd.’s results reflect the recovery in its engineering, procurement and construction businesses and better working of its Mundra-Coal JV hedge.
Adjusted profit after tax stood at Rs 3.0 billion and was significantly higher versus our estimate of Rs 2.3 billion.
Divestment-related measures (international shipping business, Cennergi, Arutmin, and Tata Strategic Engineering Division) and the infusion of Rs 26 billion from promoter has aided debt reduction.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.