Tata Power Q2 Results: Renewables boost profit 85%, revenue 49%

HomeBusinessTata Power Q2 Results: Renewables boost profit 85%, revenue 49%

Published on

October 29, 2022

On October 28, Tata Power Company Ltd. (Tata Power) reported a consolidated profit of Rs 935 crore, up 85% from Rs 506 crore last year.
The combined profit is somewhat better than the company’s Rs 884 crore profit from the June 2022 quarter.
The Tata group’s consolidated income from operations jumped 49% to Rs 14,031 crore from Rs 9,810 crore previous year. From Rs 14,495 crore in the previous quarter, consolidated revenues fell 3%.
Due to improved availability in Mundra, capacity expansion in Renewables, and distribution business efficiency, especially in Odisha Discoms, consolidated EBITDA rose 18% to Rs 2,043 crore from Rs 1,732 crore in Q2FY22.