Company Financials
For the quarter ended 30-06-2019, the company has reported consolidated sales of Rs 19407.00 crore, down -11.13 % from last quarter sales of Rs 21837.00 crore and down -2.72 % from last year same quarter sales of Rs 19950.00 crore. The company has reported net profit after tax of Rs 1027.00 Crore in latest quarter.
Investment Rationale
While Bhushan Power’s profitability was similar to JSW’s before the resolution process, it will be much lower now under IBC, said Credit Suisse. However, the brokerage expects it to improve once JSW starts operating the plant.
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