Tata Power Q1 Review - Beat On Better Performance Of Mundra-Coal JV Hedge: 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
Tata Power Company Ltd.’s results reflect a better-than-expected performance from the Mundra–Coal joint venture and a reduction in interest costs.
Adjusted profit after tax stood at Rs 4.3 billion and was significantly higher versus our estimate of Rs 3.6 billion.
Tata Power's divestment-related measures and infusion from the promoter have aided a debt reduction.
Furthermore, the engineering, procurement and construction and renewables businesses are set to gain momentum, led by a healthy project pipeline.
The possible benefit from the merger of Coastal Gujarat Power Ltd. with itself presents an upside to profitability.
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.