Stock on LIFE HIGH! Tata Power share price soars nearly 14% - Details for INVESTORS
HDFC Securities says that Tata Power reported consolidated revenue at Rs 101.3 bn (+53%/+33% YoY/QoQ) in Q4FY21. The numbers are not comparable to our estimates due to the acquisition of the Odisha distribution circle. The growth was also aided by strong execution of solar EPC projects. However, EBITDA declined 8.5% yoy to Rs 14.5 bn due to increased losses in Mundra project from the rise in coal prices
HDFC Securities have revised earnings estimates factoring the inclusion of Odisha discoms and exclusion of renewable business in their estimates: Reuters