CESC Q3 Review: Standalone Improves As Demand Recovers, Says Motilal Oswal
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
CESC Ltd.’s Q3 results highlight volume recovery in the standalone business.
Volumes in standalone were just 1% YoY lower (versus H1: down 21% YoY). Standalone profit after tax was up 3% YoY.
Consolidated PAT, on the other hand, grew 21% YoY, partly led by profit at Dhariwal and improved performance at Crescent and Surya.
Performances at Dhariwal and distribution franchises would continue to improve.
Furthermore, the company has declared an interim dividend of Rs 45 per share, highlighting the company’s willingness to return excess cash.
Click on the attachment to read the full report:
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 author entity 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.