Tata Power reports 9% growth in net profit for Sep qtr

Tata Power focuses on consolidation and growth of core operations, plans to undertake renewable energy projects

- Rituraj Baruah

 Tata Power on Wednesday reported an 8.79% growth in its consolidated net profit for the July-September quarter on a year-on-year (y-o-y) basis at ₹1,017.41 crore.

During the same period last fiscal, the company had reported a net profit of ₹935.18 crore.

Its revenue for the period under review, also rose 9% to ₹15,442 crore.

The company attributed its growth in revenue and profits to its “healthy balance sheet, operational excellence, and synergies across all business clusters".

“Revenue, too, rose by 9% to