On course to develop round-the-clock renewable power: Tata Power CEO & MD

Tata Power reported a 29 per cent increase in its profit for the first quarter of financial year 2023-2024 (Q1FY24), marking the 15th consecutive quarter of profit for the company. The consolidated profit for Q1FY24 stood at Rs 1,141 crore, as compared to Rs 884 crore in the corresponding quarter of the last financial year.

The company’s consolidated revenue for Q1FY24 was Rs 15,003 crore, reflecting a minimal increase of 2 per cent. Its earnings before interest, taxes, depreciation and amortization (Ebitda) showed an increase of 43 per cent during Q1FY24, compared to the corresponding period in the previous financial year.