External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>Hub Power Company (HUBC) announced its 2QFY24 result wherein company reported profit to equity owners of Rs15bn (EPS of Rs11.8) up 15% YoY while down 11% QoQ.</li><li>Along with the results, HUBC announced an interim cash dividend of Rs4/share, which was slightly lower than our expectation of Rs5/share. This takes 1HFY24 dividend to Rs9/share.</li><li>Topline increased by 19% YoY to Rs30bn in 2QFY24, primarily driven by higher capacity payments amid rupee devaluation. However, on a QoQ basis, topline declined by 11% due to lower power generation from the Base and Narowal plants.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Hub Power Company (HUBC) announced its 2QFY24 result wherein company reported profit to equity owners of Rs15bn (EPS of Rs11.8) up 15% YoY while down 11% QoQ.Along with the results, HUBC announced an interim cash dividend of Rs4/share, which was slightly lower than our expectation of Rs5/share. This takes 1HFY24 dividend to Rs9/share.Topline increased by 19% YoY to Rs30bn in 2QFY24, primarily driven by higher capacity payments amid rupee devaluation. However, on a QoQ basis, topline declined by 11% due to lower power generation from the Base and Narowal plants.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hub Power Company (HUBC): 2QFY24 EPS at Rs11.8, up 15% YoY - (In line with industry expectations)