Tata Power misses estimates; profit down marginally
Tata Power on Tuesday posted a marginal drop of 0.8% in its net profit for the second quarter ended September at Rs 919 crore compared with Rs 927 crore in Q2FY25. Analyst estimates had pegged the profit at Rs 937 crore. Sequentially, the profit was down 13%.
The company reported a 1% drop in revenue at Rs 15,545 crore, missing analysts estimate of Rs 16,352 crore. In Q2FY25, it posted a revenue of Rs 15,698 crore.
