Tata Power Q4 Review - Beat On Strong EPC Performance: 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 Q4 FY21 result reflects strong numbers, led by higher execution for its solar engineering procurement and construction business and interest cost reduction.
Adjusted profit after tax stood at Rs 3.5 billion, and was 11% higher versus our estimate of Rs 3.2 billion.
Divestment-related measures and infusion from the promoter has aided debt reduction.
The EPC businesses have picked up pace, led by the healthy order book at Tata Power Solar.
Benefits from the merger of Coastal Gujarat Power Ltd. and Tata Power Solar with itself provide boost 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.