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Tata Power’s earnings from hereon, said Kotak Institutional Equities, are premised on stability in the prices of imported coal and their contribution to earnings, growth from the renewable segment.
Antique Stock Broking expects net profit for Tata Power to rise 14.4 per cent YoY to Rs 937 crore while it forecast sales at Rs 15,616 crore. Mundra plant continues to be an issue but the rest of the businesses stays stable, it said.
The company has reported an EBITDA of Rs 3,090 crore in the July-September period, up 76% YoY from Rs 1,759 crore a year ago. Meanwhile, margins improved to 19.6% in the reporting period. ....
Tata Power Q2: Kotak Institutional Equities expects adjusted profit after tax for the quarter to come in at Rs 1,112.40 crore for the September quarter, up 35.80 per cent YoY over Rs 819.10 crore in the same quarter last year.