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Tata Power reports 9% growth in net profit for Sep qtr
Mint Mumbai
|November 09, 2023
Tata Power focuses on consolidation and growth of core operations, plans to undertake renewable energy projects
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
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