Tata Powers Q1 results are out: Net profit increases by 4% up to Rs.1188 Crore, Click here to read the full article:

 

Revenue from operations increased 13.6 percent to Rs 17,293.62 crore in the quarter, from Rs 15,213.29 crore in the same period last year.

Tata Power has delivered a robust performance in the first quarter of the financial year 2024-25, with a consolidated net profit of Rs 1,188.63 crore, marking a four percent growth from the previous year. The company's net profit saw a significant rise from Rs 1,140.97 crore reported in the same quarter last year, and a 13 percent increase from the Rs 1,045.59 crore recorded in the March quarter.

Operational revenue witnessed a healthy 13.6 percent surge to Rs 17,293.62 crore this quarter, up from Rs 15,213.29 crore in the corresponding period last year. Despite market expectations of a 14.7 percent year-on-year increase in revenue to Rs 17,457 crore, as forecasted by five brokerage firms, Tata Power surpassed revenue estimates while the net profit exceeded the anticipated Rs 1,004 crore.

The company's EBITDA soared to Rs 3,350 crore, a significant increase from Rs 3,005 crore in Q1FY24, demonstrating strong operational efficiency.

Tata Power proudly announced its clean and green installed capacity reaching 6.1 GW as of Q1FY25, which constitutes 41 percent of its total capacity. Additionally, 5.3 GW is currently under development. The company boasts a substantial order pipeline for utility-scale EPC and solar rooftop projects, including group captive, valued at approximately Rs 15,500 crore.

Ending the day on a positive note, Tata Power's stock closed at Rs 436.80 on the Bombay Stock Exchange (BSE), a slight increase of 0.48 percent from its previous closing price, reflecting investor confidence in the company's growth trajectory.