Tata Power posts marginal growth in Q3 profit
Tata Power on Friday posted a marginal growth in net profit at Rs 1,076 crore in the December quarter against Rs 1,052 crore in the corresponding quarter a year ago. The profit was, however, higher than analyst estimates, which had pegged it at Rs 895 crore.
The company posted a growth of 4% in its revenue from operations at Rs 14,651 crore in Q3FY24 compared with Rs 14,129 crore in Q3FY23. Analysts had expected a revenue of Rs 15,636 crore.
The company’s Ebitda (earnings before interest, taxes and amortisation) was up 15% on a year-on-year basis.
