Tata Power posts Q2 profit at Rs 1017.41 cr, revenue up 12.2% on Generation, Transmission, Distribution biz revenues

Tata Power on Wednesday recorded a profit of Rs 1,017.41 crore for the second quarter of FY24, up 8.8 per cent in comparison to Rs 935.18 crore during the same period last year. Tata Power said that core businesses contributed 84 per cent in the Q2 profit. It posted revenue from operations at Rs 15,738.03 crore, up 12.2 per cent as against Rs 14,030.72 crore during the second quarter of FY23, largely driven by higher revenue from core businesses of Generation, Transmission and Distribution. The company EBITDA stood at Rs 3,090.4 crore, up 75.5 per cent on-year.

“We have reported yet another strong quarter of financial performance, driven by robust contributions from all our core business clusters. Our adherence to financial discipline,