The power company announced its results for the quarter ended December 2024. The business stated that it logged a 10.30% year-on-year growth in its net profit at ₹1,187 Crore against ₹1,076 Crore in the previous corresponding quarter.
The company’s revenue from operations for the quarter under review registered a growth of 5% at ₹15,391 Crore. The street estimates pegged the revenue at ₹17,254 Crore.
The business EBITDA surged by 39% on a year-on-year basis to ₹3,352 Crore. Whereas, EBITDA margin expanded to 21.8% versus 16.5%, up by 500 basis points.
The company stated in its filing with the bourses that its profit for the renewable business surged 59% during the quarter to ₹214 Crore.
During the quarter under review, company’s Clean & Green portfolio stands at 6.7 GW installed, and a pipeline of 10 GW, which aggregates the total portfolio to over 16.7 GW.
Tata Power’s manufacturing reported a net profit of ₹112 Crore and revenue from operations of ₹1,300 Crore during the current quarter under consideration.
The company also informed that its entire 4 GW cell line at Tirunelveli plant, Tamil Nadu is completely operational and it enhances the company’s ability to commission an additional 300 MW TOPCon line during the ongoing quarter.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.