RIL, Tata Power, Federal Bank, DCB Bank Q4 Reviews: HDFC Securities

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..HDFC Securities Institutional Equities.Reliance Industries Ltd. - Our optimism on RIL is premised on recovery in the oil-to-chemical businesses; continued EBbitda growth in the digital business, driven by improvement in average revenue per user, subscriber addition, and new revenue streams; and potential for further value unlocking in the digital and retail businesses. Tata Power Company Ltd, - During Q4 FY22, Tata Power completed the merger of Mundra into its standalone business and also secured the extension of mining lease in PT Kaltim Prima Coal for 10 years. Its consolidated revenue increased 18% YoY to Rs 119.6 billion, led by strong execution in the solar engineering, procurement and construction segment and incremental revenue across the renewable business (due to addition of 707 megawatt capacity). Federal Bank Ltd. - Federal Bank’s Q4 FY22 earnings missed our estimates, largely on account of accelerated absorption of family pension expenses, but these were partly offset by multi-quarter low credit costs (20 basis points).DCB Bank Ltd. - DCB Bank’s Q4 FY22 earnings beat estimates due to lower credit costs (1% annualised), better loan growth (up 12% YoY) and margin reflation. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

RIL, Tata Power, Federal Bank, DCB Bank Q4 Reviews: HDFC Securities

RIL, Tata Power, Federal Bank, DCB Bank Q4 Reviews: HDFC Securities

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