Tata Power Q2 Results Review - Focus On Execution Now: Motilal Oswal

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Tata Power Company Ltd.'s Q2 FY25 Ebitda came in 15% above our estimate of Rs 32.6 billion despite challenges at Mundra (low plant availability) and Odisha discom operations (impacted by cyclone/heavy rains). However, the adjusted PAT was just a 2% miss versus our estimate. Key highlights for the quarter included: module manufacturing is now operating at near 100% utilization while cell operations have commenced,the company is looking to execute a bulk of the EPC order book in H2 FY25, while RE generation commissioning has been slow till now, management expects this to pick-up pace as cell/module manufacturing ramps up operations, andthe board approved the investment proposal for 1GW pumped storage project..Following the weak Q2 FY25 result at the reported PAT level, we cut our FY25 estimate by 13%, mainly as we build in the Rs 4.4 billion merger-related charges and given the weaker profitability at some of the Orissa subsidiaries. We also moderate our FY26 adjusted PAT by 5% as RE generation ramp-up has been somewhat behind expectations. We reiterate our Buy rating on the stock with a target price of Rs 509..Click on the attachment to read the full report:.L&T, Prestige Estate, Kaynes, Voltas, IRB Infra, V-Guard, TTK Prestige Q2 Results Review: HDFC Securities.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Tata Power Q2 Results Review - Focus On Execution Now: Motilal Oswal

The brokerage reiterates its Buy rating on the stock with a target price of Rs 509.

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Tata Power Q2 Results Review - Focus On Execution Now: Motilal Oswal

The brokerage reiterates its Buy rating on the stock with a target price of Rs 509.

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