Power Sector Q4 Earnings Preview - On The Road To Recovery: ICICI Securities
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.
ICICI Securities Report
Power sector continued its resurgence in Q4 FY21. Power demand witnessed spectacular recovery in H2 FY21 (up 7.8% YoY) to close FY21 only 1.1% lower YoY, despite enduring the difficult H1 FY21, when power demand declined 8.7% YoY.
As a result, during FY21, while conventional generation was lower by 1.3% YoY (FY21 thermal plant load factor at 54.5% was ~500 basis points higher over H1 FY21), renewable generation was up 3.7% YoY.
During Q4 FY21, peak all-India demand touched an all-time high of 190.2 gigawatt and consistently ranged above 180 gigawatt due to which both volumes and prices at exchange increased.
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.