Tata Power Q1 net jumps 90% to Rs 884 cr; plans Rs 14k-cr capex in FY23
Tata Power on Tuesday posted a nearly 90 per cent jump in its consolidated net profit to Rs 883.54 crore for the April-June quarter of the current fiscal driven by higher income.
The company had posted a net profit of Rs 465.69 crore in the same quarter of 2021-22, Tata Power said in a BSE filing.
Its total income increased to Rs 14,638.78 crore in April-June FY23 from Rs 10,310.21 crore in the year-ago period.
Expenses were also higher at Rs 14,660.14 crore against Rs 9,479.80 crore in the April-June period of the preceding fiscal.
In a separate statement, the company said it plans a consolidated capex of Rs 14,000 crore in 2022-23, including a Rs 10,000 crore investment in the renewables sector.
