Thursday, May 27, 2010


Generation grows by 6.3% yoy to 3.8BU during Q4 FY10 against 3.6BU last year, average realizations jump 13.7% yoy

Revenues in Q4 FY10 for the (consolidated entity) coal and power divisions increased by 27.2% and 9.7% yoy respectively

Coal division’s EBIT margin doubles to 22% from 11% last year

Better operational efficiency and higher merchant sale translate into 93.7% yoy growth in adjusted PAT during the quarter

Reduce target price to Rs1,536 on account of marginally lower than expected FY10 earnings, maintain BUY

To read the full report: TATA POWER