Poging GOUD - Vrij
Distribution helps Tata Power report over 2x rise in profit
Business Standard
|February 04, 2023
Tata Power on Friday reported an over two-fold rise in consolidated net profit to ₹945 crore for the December quarter (Q3FY23) against the corresponding period of the last financial year (Q2FY22). The result was aided by higher power generation and distribution sales, as well as improved realisation per unit. The December quarter net profit beat street estimates, which had pegged bottomline at ₹900 crore, according to Bloomberg. The company had reported a net profit of ₹426 crore last year.
The company's consolidated revenue was up nearly 30 per cent to ₹14,129 crore in the quarter against ₹10,913 crore reported in Q3FY22. This was also ahead of street estimates which had pegged Q3 revenue at ₹13,837 crore, according to consensus estimates by Bloomberg.
Revenue was also aided by the tariff notified by the Ministry of Power (MOP), and orders of the Central Electricity Regulatory Commission (CERC) for imported coal-based power plants, Tata Power said.
Dit verhaal komt uit de February 04, 2023-editie van Business Standard.
Abonneer u op Magzter GOLD voor toegang tot duizenden zorgvuldig samengestelde premiumverhalen en meer dan 9000 tijdschriften en kranten.
Bent u al abonnee? Aanmelden
MEER VERHALEN VAN Business Standard
Business Standard
Startups' reverse-flip plans taking a pause
Valuation reset, tax uncertainty slow their homecoming to India
2 mins
February 20, 2026
Business Standard
‘AI democratisation talks incomplete without countries like India’
The global conversation on democratising access to artificial intelligence (AI) — so that as many people as possible can participate and benefit — is incomplete unless countries like India are part of it, Chris Lehane, chief global affairs officer at OpenAI, told Business Standard.
1 mins
February 20, 2026
Business Standard
Disrupting the disruptor
With AI automating code, IT services firms must redefine their role. The pivot to AI-driven models marks a structural shift — one that is fundamentally changing the $285 bn industry
6 mins
February 20, 2026
Business Standard
Iran concerns drag markets to worst day since Budget
Indian equities slumped on Thursday, with the benchmark Sensex and Nifty logging their sharpest single-day fall since the Union Budget, as fears of potential US intervention in Iran and its implications for global oil supplies unnerved investors.
2 mins
February 20, 2026
Business Standard
₹10 trn over 7 yrs: RIL makes bold bet on AI
Ambani says move will cut cost of intelligence as 'we did' with data
2 mins
February 20, 2026
Business Standard
India's Al moment is about getting it to a billion people
Indian industry leaders at the AI Impact Summit converged on a clear theme: India's artificial intelligence (AI) moment will be defined less by breakthroughs in model-building and more by how effectively the technology is diffused across the economy.
1 mins
February 20, 2026
Business Standard
The taboo product marketing challenge
\"Menstrual health integral part of right to life and dignity, says SC,\" read a headline in Business Standard on January 31, 2026.
3 mins
February 20, 2026
Business Standard
AI scare triggers worst FPI fortnightly exit from IT stocks since July 2025
Fears around artificial intelligence (AI) sparked a global selloff in information technology (IT) stocks, dragging down domestic software shares and prompting the heaviest foreign portfolio investor (FPI) outflows since the second half of July 2025.
2 mins
February 20, 2026
Business Standard
Amazon dethrones Walmart as world's biggest firm by sales
Amazon.com Inc has officially dethroned Walmart Inc as the biggest global firm by revenue, a milestone attesting to the massive scale the e-commerce and cloud-computing giant has achieved since its humble beginnings in 1994 as an online bookseller in Jeff Bezos' Seattlearea garage.
1 min
February 20, 2026
Business Standard
WhatsApp alert linked to 8th Pay Commission might scam you
Central government employees and pensioners should be wary of a fresh WhatsApp scam linked to the upcoming 8th Pay Commission.
1 min
February 20, 2026
Translate
Change font size