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Margins shrank to 31% from 33% last year. This is partly due to unfavourable channel mix and reduced operating leverage.

The service EBITDA margin in this segment jumped to 10.7%, a significant improvement from 3.2% last year.

Total expenditure surged by more than 18% to ₹4,931.5 crore. This is up from ₹4,172.16 crore in the previous year’s June quarter.

Revenue from operations jumped 15% year-on-year to ₹20,911 crore. This is driven by growth in core businesses such as FMCG, agri, and cigarettes.

Tata Power commissioned 94 MW of renewable capacity during the quarter, bringing its total operational renewable portfolio to 5.6 GW.

The revenue recorded ₹1,507 crore in the June quarter. This is up from ₹1,306 crore a year earlier.

Operationally, the company performed well, with EBITDA climbing to ₹128 crore more than double the ₹52 crore reported in Q1 FY25.

Revenue from operations climbed 7% year-on-year to ₹7,233 crore. This surge in revenue is supported by sustained demand for individual home loans.

Prices for all chemical-grade ores have also been raised by 3% from their July levels, reflecting a broader uptick in market demand and cost factors.

His responsibilities will span across a wide range of business lines from gold loans and microfinance to MSME lending, vehicle finance, housing credit, and digital platforms.