Motilal Oswal: NHPC’s Lower Other Income Offsets Modest Generation Growth In Q2
A power station stands at the site of a hydro-electric power project. (Photographer: Adeel Halim/Bloomberg) 

Motilal Oswal: NHPC’s Lower Other Income Offsets Modest Generation Growth In Q2

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Motilal Oswal Report

NHPC Ltd.’s Q2 FY21 results highlight the steady nature of its business.

Standalone profit after tax declined 3% YoY to Rs 7.2 billion (in-line) due to slightly lower other income.

Capex run-rate is expected to increase on account of investment in new projects.

However, their commissioning remains four-five years away, implying free cash flow/ return on equities dragging in the near term.

Click on the attachment to read the full report:

Motilal Oswal NHPC Q2FY21 Result Update.pdf

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