Tata Power reports 31% rise in Q1 net profit to Rs 11.89 billion

Tata Power announced a consolidated net profit of Rs 11.89 billion for Q1 FY25, marking a 31% year-on-year increase driven by operational efficiency. The company highlighted this as its highest-ever profit and the 19th consecutive quarter of profit growth, attributing success to strong performance across its generation, transmission, distribution, and renewables businesses. These sectors contributed 84% of the profit after tax (PAT) in Q1 FY25, up from 72% in the same period last year.

The consolidated net profit before exceptional items stood at Rs 9.06 billion for the quarter ending June 30, 2023. Revenue rose 12% year-on-year to a record Rs 168.10 billion, while EBITDA grew 11% to Rs 33.50 billion.