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Tata Power Company reports 29% rise in Q1 consolidated net profit

09 Aug 2023 Evaluate

Tata Power Company has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 5.92% rise in its net profit at Rs 446.41 crore for the quarter under review as compared to Rs 421.44 crore for the same quarter in the previous year. Total income of the company increased by 1.53% at Rs 5,635.67 crore for Q1FY24 as compared Rs 5,550.53 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 29.14% rise in net profit at Rs 1,140.97 crore for the first quarter ended June 30, 2023 as compared to Rs 883.54 crore for the same quarter in the previous year. Total income of the company increased by 5.78% at Rs 15,484.71 crore for Q1FY24 as compared Rs 14,638.78 crore for the corresponding quarter previous year.


Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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