In today’s briefing:
- Max Healthcare (MAXHEALTH IN): Improving Operating Parameters; Well-Positioned for Long-Term Growth
- SJVN Limited (SJVN IN): Renewable Energy Play; Installed Capacity To Double in 12-18 Months.
Max Healthcare (MAXHEALTH IN): Improving Operating Parameters; Well-Positioned for Long-Term Growth
- Max Healthcare Institute (MAXHEALT IN) reported improved occupancies, revenues, EBITDA and other operating and financial parameters in Q3FY23 versus year-ago period.
- The company recorded highest-ever EBITDA – both in terms of absolute value and margins, EBITDA per bed, ARPOB, and ROCE for the third consecutive quarter in FY23.
- During the last three-year, Max had revenue and EBITDA CAGR of 12% and 59%, respectively. Consensus expects the company to report double-digit revenue and EPS growth through FY25.
SJVN Limited (SJVN IN): Renewable Energy Play; Installed Capacity To Double in 12-18 Months.
- Fundamentally strong company with track record of high profitability and efficient operations.
- Installed power generation capacity will more than double to ~5,500 MW by FY24 and another 4-5x by FY30.
- Potential for DPS to improve from a trailing 1.70 INR to INR 2.50 by FY24, implying an attractive dividend yield of 7.5%.
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