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) held its corporate briefing today to discuss FY23 financial result and future outlook.</li><li>To recall, FY23 result came higher than industry expectations due to higher share of profit from associates and JV.</li><li>Management highlighted that higher profit is due to (1) higher share of profit from CPHGC due to low base, (2) impact of rupee devaluation and (3) insurance claim.</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) held its corporate briefing today to discuss FY23 financial result and future outlook.To recall, FY23 result came higher than industry expectations due to higher share of profit from associates and JV.Management highlighted that higher profit is due to (1) higher share of profit from CPHGC due to low base, (2) impact of rupee devaluation and (3) insurance claim.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.

Topline Flash Note: Hub Power Company (HUBC): Corporate Briefing Key Takeaways