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Tata Power Company reports 85% rise in Q2 consolidated net profit

29 Oct 2022 Evaluate

Tata Power Company has reported results for second quarter ended September 30, 2022.

The company has reported a rise of 18.21% in its net profit at Rs 1200.23 crore for the quarter under review as compared to Rs 1015.37 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 5703.17 crore for Q2FY23 as compared Rs 2576.62 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 84.94% in its net profit at Rs 935.18 crore for the quarter under review as compared to Rs 505.66 crore for the same quarter in the previous year. Total income of the company increased by 39.20% at Rs 14181.07 crore for Q2FY23 as compared Rs 10187.33 crore for the corresponding quarter previous year.

Peers
Company Name CMP
NTPC 328.60
Tata Power 363.50
Adani Power 204.25
Power Grid Corpn. 264.70
Adani Energy Solut. 1344.60
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