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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.
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