News Overview

Despite the modest decline in profit, the company posted strong revenue growth, with operations rising 20% to ₹348 crore.

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

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.

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.

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.

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.

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

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.

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.