Accumulate Tata Power Company; target of Rs 414: Prabhudas Lilladher
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Prabhudas Lilladher suggests an accumulate rating for Tata Power Company with a target price of Rs 414.
- ✓The firm reported strong Q2FY27 results, as EBITDA grew 11% and PAT rose 72%.
- ✓Management also appointed Sanjay Banga as CEO-designate and remains focused on expanding renewable capacity and strengthening its storage portfolio.
Story at a Glance
- Category
- Indian Markets
- Reported By
- MoneyControl
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Prabhudas Lilladher's research report on Tata Power Company Tata Power (TPWR) reported a strong Q2FY27 performance, with EBITDA growing 11% YoY and adjusted PAT rising 72% YoY. The PAT beat was primarily driven by (1) Coal SPV profitability improving to USD9/t versus ~USD6/t QoQ and USD2/t YoY, benefiting from higher imported coal prices, and (2) standalone PAT growth of 63% YoY, supported by Mundra operations and higher DSM revenues. Management reiterated its FY27 renewable capacity addition target of 2.5 GW, of which 25% was achieved in 1HFY27. Renewable commissioning is expected to accelerate as evacuation infrastructure improves.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
MoneyControl
Read the full, original unfiltered story directly on the publisher's portal.
This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.