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Tata Power Q3 profit up 8%
Financial Express Kolkata
|February 05, 2025
BEATING ANALYSTS' ESTIMATES, Tata Power posted an 8% y-o-y rise in its net profit to ₹1,031 crore in Q3.
Analysts had pegged net profit ₹971 crore. Revenues were up 5% y-o-y at ₹15,391 crore, missing analysts' expectations of ₹16,692 crore.
Tata Power incurred a capex of ₹10,000 crore in the first nine months of the year and looks to close the year with a capex of ₹20,000-22,000 crore, said Praveer Sinha, CEO and managing director, Tata Power, in a conference call. "Next year also, it will be in the same range," Sinha said.
This story is from the February 05, 2025 edition of Financial Express Kolkata.
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