GCV Services Ltd. share price target and research reports

Name: Latest research reports of GCV Services Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: GCV Services Ltd.
Rating: 5
Author: Motilal Oswal

Latest analyst research reports with target prices and PDF download for GCV, BSE:531601 GCV Services Ltd.

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GCV Services Ltd.

12 Aug 2019

DSM regulations, low GCV coal loss impacts profitability

Buy: GCV Services Ltd.

Motilal Oswal

DSM regulations, low GCV coal loss impacts profitability Expect capitalization to pick up pace Standalone (S/A) 1QFY20 adj. PAT decreased ~9% YoY to INR27b (14% miss on our est.). PAT has been adjusted for est. INR1.1b under-recovery (u/r) of fixed charge (FC) for this quarter. The miss is due to an impact of DSM regulations (~INR1.5b), carpet coal loss (~INR1.5b) and tax leakage on change in deferred tax recognition. Reported PAT, though, was up ~1% YoY to INR26b on lower FC under-recovery and higher other income, which jumped 2.4x YoY to INR3.3b on accrual accounting of...

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