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.
Motilal Oswal Report
CESC Ltd.'s Q2 results highlight the impact of lower volumes on the standalone business.
Standalone profit after tax declined 17% YoY, in line with our estimates.
Consolidated profit after tax, on the other hand, grew 2% YoY, partly led by a better performance at Dhariwal.
While a muted power demand environment has impacted profitability in the near term, current valuations more than factor this.
Performance at Dhariwal and distribution franchisees would continue to improve.
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