Tata Power reported a consolidated net profit of Rs 1,188.63 crore in the first quarter of financial year 2024-25, up four percent from the previous year.
The company had earned a net profit of Rs 1,140.97 crore in the same period last year. Sequentially, net profit increased 13 percent from Rs 1,045.59 crore reported in the March quarter.
Revenue from operations inflation 13.6 percent to Rs 17,293.62 crore in the quarter, from Rs 15,213.29 crore in the same period last year.
According to the average estimate of five brokerage firms, Tata Power was expected to report 14.7 percent year-on-year growth in revenue at Rs 17,457 crore in Q1FY25. On the other hand, net profit in Q1FY24 was required, to be Rs 1,004 crore as against Rs 927.34 crore.
