BQ Blue'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 BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
HDFC Securities Institutional Equities
Oil and Natural Gas Ltd. - our optimism on ONGC is based on - 1. increase in crude price realisation and 2. improvement in domestic gas price realisation. Average nine months-FY22 oil price realisation improved to $74/barrel of oil versus $44/bbl in FY21, given the expected global economic rebound, post Covid-19.
Voltas Ltd. - Voltas' performance was a mixed bag, with a consolidated revenue miss and an Ebitda that was in-line. Despite a large base (37% growth), unitary cooling products segment delivered 9% YoY (our estimate: down 2%) revenue growth.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
NHPC Ltd. - NHPC's revenue declined by 7.6% YoY to Rs 19.3 billion in Q3 FY22, as 7.6% YoY rise in generation (due to improved water and plant availability plant availability factor) was impacted by lower income from secondary energy sales and high YoY base due to the receipt of interest income of Rs 1.2 billion from the beneficiaries of Teesta Low Dam Project-IV project in Q3 FY21.
Sobha Ltd. - Sobha reported strong quarterly presales of 1.3 million square feet (up 17%/down 2% YoY/QoQ), valued at Rs 10.5 billion. Rs 10 billion in quarterly sales seems to be the its new normal.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
