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'Buy' IRM Energy Shares Maintains HDFC Securities But Cuts Target Price — Here's Why
Summary by NDTV Profit
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1 Articles
'Buy' IRM Energy Shares Maintains HDFC Securities But Cuts Target Price — Here's Why
We cut volume estimates for FY26E/27E We also reduced Ebitda assumptions for FY26E/27E from Rs 8.0/8.2 to Rs 5.1/5.5 respectively owing to royalty payments, lower volume growth due to roll-back of NGT order in Fatehgarh Sahib geographical area, reduction in APM gas allocation, At the current market price, we estimate it factors in an Ebitda per unit of only Rs 4.6/scm over FY26-34E (as compared to Rs 4.72/scm reported for Q1 FY26). We reiterat…
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