Tata Power Q2 Review: Mundra Shutdown Hits Earnings But Motilal Oswal Maintains 'Buy' — Here's Why

Tata Power announced its intent to further strengthen backward integration at TP Solar via 10 GW ingot/wafer capacity and the company remains in discussion with states for subsidies related to the same. .NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Motilal Oswal maintains Buy rating on Tata Power Company Ltd. with a revised target price of Rs 500/share..Tata Power’s consolidated Ebitda/adjusted profit after tax came in at Rs 33 billion/Rs 9.2 billion, below our estimates by 12%/13%. The weakness in results was largely attributable to Mundra plant shutdown in Q2, which offset the stronger performance at Odisha distribution and the solid ramp-up at TP Solar on a YoY basis. Tata Power is targeting 1.3 GW of RE capacity commissioning in H2 FY26, with the annual target for FY27 maintained at 2-2.5GW. New distribution opportunities (e.g., UP discom privatization) and the potential tie-up of supplementary PPA for Mundra remain key catalysts for the stock. Tata Power announced its intent to further strengthen backward integration at TP Solar via 10 GW ingot/wafer capacity and the company remains in discussion with states for subsidies related to the same.  .Click on the attachment to read the full report:.JSW Cement Q2 Review: Motilal Oswal Maintains 'Neutral' Stance; Trims Target Price — Check Details.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Tata Power Q2 Review: Mundra Shutdown Hits Earnings But Motilal Oswal Maintains 'Buy' — Here's Why

Motilal Oswal reiterates Buy on Tata Power citing strong renewable pipeline and backward integration plans.

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