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
Torrent Power Ltd.'s result highlights the benefit of better demand and lower transmission and distribution losses in its distribution franchise business, leading to a 7%/43% YoY jump in adjusted Ebitda/profit after tax.
However, the numbers were a miss on our estimates.
While the second Covid-19 wave has delayed the normalisation of demand and collections at DFs, we expect Torrent Power's DF business to improve in FY22E/FY23E.
However, this remains well captured at the current price.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint 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 BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
