Power Generation & Distribution
Power - Generation/Distribution
from 165 today
Reported Q1 consolidated PAT of INR 4.2bn (+4% YoY), 7% below our estimate, primarily due to higher losses at Malegaon. We have incorporated the acquisition in FY27/28E, resulting in a 6%/11% upward revision to EBITDA estimates and raising our SOTP-based TP to INR 220, maintaining a BUY rating.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
