Tata Power net profit rises over 31% to Rs 632 cr in March quarter
Tata Power has reported an over 31 per cent rise in its consolidated net profit to Rs 632.37 crore in the March 2022 quarter, mainly on the back of higher revenues.
Its consolidated net profit was Rs 481.21 crore in the year-ago quarter, according to a statement.
“Consolidated PAT before Exceptional Items up by 76 per cent YoY (year-on-year) at Rs 775 Crore in March quarter vs Rs 440 Crore in Q4 FY21 (March quarter),” the company said in the statement.
The consolidated revenue surged 16 per cent to Rs 12,085 crore in the March quarter, compared to Rs 10,379 crore a year ago. In 2021-22, the consolidated net profit rose to Rs 2,155.61 crore from Rs 1,438.65 crore in the preceding fiscal.
