Tata Power on Wednesday posted a 74 per cent rise in its consolidated net profit to Rs 552 crore for the December quarter on the back of higher revenues.
This was the ninth consecutive quarter of PAT growth, it added.
“Consolidated PAT (profit after tax) up by 74 per cent YoY year at Rs 552 crore vs Rs 318 Crore in Q3 FY21 (October-December 2020) on the back of strong all-round business performance by all verticals,” a company statement said.
Consolidated revenue also went up by 42 per cent to Rs 11,015 crore, from Rs 7,756 crore in Q3 FY21 due to expanded operation in Odisha discoms, higher project execution by Tata Power Solar Systems Ltd (TPSSL), and strong performance of all other businesses, it said.
