Tata Power Q3 Review - Beat On Interest Reduction And Odisha Profitability: Motilal Oswal
Signage for Tata Power Co. stands in Jamshedpur, Jharkhand, India. (Photographer: Anindito Mukherjee/Bloomberg)

Tata Power Q3 Review - Beat On Interest Reduction And Odisha Profitability: 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

The improvement in Tata Power Company Ltd.’s Q3 FY21 earnings was led by interest cost reduction and profitability in its Odisha distribution business.

Adjusted profit after tax stood at Rs 3.7 billion and was significantly higher versus our estimate of Rs 2.3 billion.

Divestment-related measures and infusion of Rs 26 billion from the promoter has aided debt reduction.

The engineering, procurement, and construction business is recovering and is expected to pick-up, led by the healthy order book at Tata Power Solar Ltd.

Click on the attachment to read the full report:

Motilal Oswal Tata Power Q3FY21 Result Update.pdf

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