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Tata Power reports marginal rise in Q3 consolidated net profit

10 Feb 2024 Evaluate

Tata Power Company has reported results for third quarter ended December 31, 2023 (Q3FY24).

The company has reported 64.96% fall in its net profit at Rs 527.08 crore for Q3FY24 as compared to Rs 1,504.34 crore for the same quarter in the previous year. Total income of the company decreased by 23.21% at Rs 5,395.50 crore for Q3FY24 as compared Rs 7,026.42 crore for corresponding quarter of the previous year. 

On consolidated basis, the company has reported 2.28% rise in net profit at Rs 1,076.12 crore for the third quarter ended December 31, 2023 as compared to Rs 1,052.14 crore for the same quarter in the previous year. Total income of the company increased by 6.19% at Rs 15,294.13 crore for Q3FY24 as compared Rs 14,401.95 crore for corresponding quarter of the 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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