External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>In Q2FY23, Tata Power’s consolidated revenue increased 43% YoY to INR140bn, above our estimate of INR132bn</li><li>Strong operational performance across its regulated, standalone (including Mundra), coal SPV and renewable business were the key underpinnings</li><li>EBITDA grew marginally 5.8% YoY on the back of higher availability at Mundra, capacity addition in renewables and higher efficiencies in the distribution business</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>

In Q2FY23, Tata Power’s consolidated revenue increased 43% YoY to INR140bn, above our estimate of INR132bnStrong operational performance across its regulated, standalone (including Mundra), coal SPV and renewable business were the key underpinningsEBITDA grew marginally 5.8% YoY on the back of higher availability at Mundra, capacity addition in renewables and higher efficiencies in the distribution businessContent 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.

Tata Power (Q2FY23): Stable All-Round Performance. Upgrade to ADD