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Tata Power Company reports 89% rise in Q1 consolidated net profit

07 Aug 2021 Evaluate

Tata Power Company has reported results for first quarter ended June 30, 2021.

The company has reported 4-fold jump in its net profit at Rs 198.04 crore for the quarter under review as compared to Rs 44.93 crore for the same quarter in the previous year. Total income of the company increased by 49.41% at Rs 2244.88 crore for Q1FY22 as compared Rs 1502.51 crore for the corresponding quarter previous year.   

On the consolidated basis, the company has reported a rise of 89.25% in its net profit attributable to owners at Rs 391.03 crore for the quarter under review as compared to net profit of Rs 206.62 crore for the same quarter in the previous year. Total income of the company increased by 55.13% at Rs 10145.89 crore for Q1FY22 as compared Rs 6540.42 crore for the corresponding quarter previous year.

Peers
Company Name CMP
NTPC 329.35
Tata Power 368.30
Adani Power 205.00
Power Grid Corpn. 263.50
Adani Energy Solut. 1382.00
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