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homeinfrastructure NewsTata Power Q4 results today: Key things to watch out for

Tata Power Q4 results today: Key things to watch out for

Tata Power will report its fourth-quarter earnings on Thursday and analysts expect the electric utility company to report an increase in net profit this quarter.

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By Anisha Jain  May 2, 2019 8:34:45 AM IST (Published)

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Tata Power will report its fourth-quarter earnings on Thursday and analysts expect the electric utility company to report an increase in net profit this quarter.

  • The profit is expected to go up by 20 percent at Rs 330 crore versus Rs 275 crore for the same quarter last fiscal. The profits are likely to be higher given that losses at Mundra are expected to come down because of two-three reasons. One is temporary tariff hike, secondly, the rupee has appreciated quarter-on-quarter and so sequentially there would be an improvement there. Moreover, coal prices have moderated, which bodes well for Mundra operations. Thirdly, PLF for the Mundra plant has gone up to 88 percent this year.
  • The year on year (YoY) revenues are expected to be up by 16 percent at Rs 8408 crore as the plant load factor at Mundra plant has increased but margins are expected to come down by about 300 basis points.
  • The key issue to watch for would be any official word on Mundra Power Plant after Adani Power resolution. However, most of the good news is already priced in. The other key factor to watch would be the company’s performance in Delhi.
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