JSW Energy’s Steady Q3 Underpins Strong Long-Term Prospects; Axis Securities Stays ‘Buy’ — Check Target Price

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JSW Energy Ltd.’s net sales grew 67% YoY, but down 21% QoQ to Rs 4,082 crore, missing estimate and consensus by 5% and 10%, respectively, due to lower-than-expected power generation. Ebitda stood at Rs 2,030 crore, up 122% YoY, but down 32% QoQ, in line with our estimates (due to better than expected margins) and 8% miss on consensus estimates.

Attrib PAT was up 150% YoY, but down 40% QoQ to Rs 529 crore. PAT increased YoY due to higher deferred tax one-offs, but decreased QoQ due to an increase in D&A and finance cost. Excluding deferred tax gains, the company reported a loss of Rs 261 crore.

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BPCL Shares Gets ‘Add’ Rating From Dolat Capial After Q3 Results — Check Revised Target Price

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