Tata Power Company Ltd's reported Q2FY17 consolidated net profit of Rs.336.2 crore : Misses Estimates

India Infoline Research Team | November 29, 2016 19:52 IST

Tata Power Company Ltd Q2FY17

Consolidated Results Q2FY17: (Rs. in crore)

  Q2FY17 YoY (%)
Revenue 7,208.89 [6.0]
EDITDA 1,461.64 [27.2]
EBITDA Margin (%) 20.3 [591]
Net Profit (adjusted) 336.20 0

***EBITDA margin change is bps

Tata Power Company’s Q2FY17 numbers came in below our estimates. Revenue came in 27.3% lower than our estimate of Rs 9914 cr. EBITDA margin was in-line with estimate of 20% and net profit was 2.4% below the estimated figure of Rs 345 cr.
Revenue for the quarter declined marginally by 6% yoy to Rs 7209 cr.
Reported EBITDA fell by 27.2% yoy to Rs 1462 cr while EBITDA margin declined by 591 bps yoy to 20.3%. This was largely due to 7% and 12% yoy increase in cost of power purchased and other expenses respectively.
Net profit of Rs 336 cr was reported against Rs 96 cr net loss in Q2FY16. This was primarily due to Rs 191 cr decrease in loss from foreign exchange, 23.7% yoy decrease in finance cost and 271.5% yoy increase in profits of associates and joint ventures.

Technical View:

Tata Power Company Ltd ended at Rs. 72.2, down by 0.55 points or 0.76% from its previous closing of Rs. 72.75 on the BSE.
The scrip opened at Rs. 73.75 and touched a high and low of Rs. 73.75 and Rs. 72 respectively. A total of 5023578(NSE+BSE) shares were traded on the counter. The stock traded above its 50 DMA.

BSE 92.25 1.65 (1.82%)
NSE 92.20 1.60 (1.77%)

***Note: This is a NSE Chart



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