Tata Power Q2 result: Net profit rises 10% to ₹371 crore
NEW DELHI : Tata Power on Tuesday posted a 10% increase in consolidated net profit at ₹371 crore for the quarter ended September 2020.
“Consolidated PAT stood at ₹371 crore (in July-September 2020) up by 10 per cent as compared to ₹339 crore in Q2 FY20 due to stable performance across businesses,” a company statement said.
On a consolidated basis, Tata Power Group’s Q2 FY21 revenue was up by 15 per cent at ₹8,413 crore as compared to ₹7,329 crore last year.
The rise in revenue was mainly due to acquisition of TPCODL (TP Central Odisha Distribution Ltd) and higher solar EPC (engineering, procurement and construction) revenue, it said.
