EBITDA at `21 bn, up 53% YoY, exceeded our/consensus estimate of `19 bn mainly due to (1) better-than-expected profitability of power business and (2) Mozambique EBITDA contribution at $5.7 m vs. expectation of minimum profit
The company aims to gradually move away from a pure play equipment/ services supplier to a complete solutions provider, driving productivity and efficiency improvement for customers by leveraging IoT-based technologies.
Siemens’ Q4FY18 (Sept year ending) PAT at Rs 2.8 billion (up 39% y-o-y) was ahead of consensus estimate due to higher revenue and recognition of incentives; however, we do not expect this to sustain given the depleting orde
Q2FY19 PAT at Rs 3 bn (up 15.1% y-o-y) was higher than expected primarily due to tax reversal (`8.1 bn); else, the bank would have reported a loss. NII growth was healthy at 17.9% y-o-y (on favourable base) driven by improved
Despite 10% y-o-y rise in regulated equity, H1FY19 adj. PAT at Rs 51 bn was flat y-o-y on under-recovery due to (a) coal shortage at newly-commissioned high-cost plants (Rs 5 bn), (b) plant outage at Unchahar due to fire acci