Tata Power Q4 Review - Beat On Strong EPC Performance: Motilal Oswal
Signage for Tata Power Co. stands in Jamshedpur, Jharkhand, India. (Photographer: Anindito Mukherjee/Bloomberg)

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:

Motilal Oswal Tata Power Q4FY21 Result Update.pdf

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