ADVERTISEMENT

Tata Power Q4 Review: ICICI Securities Maintains Buy, Sees New Assets, Operational Efficiencies To Aid Growth

ICICI Securities maintains Buy rating on Tata Power with target price of Rs 470.

<div class="paragraphs"><p>Tata Power's Ebitda came in at Rs 34.8 billion (+27% YoY) driven by strong performance in renewables segment – solar manufacturing and renewable generation, coupled with strong show by Odisha discoms.(Photographer:Vijay Sartape/ Source: NDTV Profit)</p></div>
Tata Power's Ebitda came in at Rs 34.8 billion (+27% YoY) driven by strong performance in renewables segment – solar manufacturing and renewable generation, coupled with strong show by Odisha discoms.(Photographer:Vijay Sartape/ Source: NDTV Profit)
Tata Motors' revenue was up ~7% YoY at Rs 173 billion, partly due to higher availability and generation in Mundra plant. Profit in Q4 stood at Rs 10.4 billion (+16.5% YoY). Its solar manufacturing capacity reported an excellent set of result – Rs 15 billion in revenue and Rs 1.9 billion in profit in Q4.
To continue reading this story
You must be an existing Premium User
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit