Tata Power Q2FY24 PAT up 6.9% to Rs 876 crore on back of higher revenue

Private power producer Tata Power reported a 6.9 per cent rise in its profit after tax (PAT) (attributable to the company) for the September-ended quarter (Q2FY24) on the back of higher revenue.

For Q2FY24, Tata Power’s PAT was at Rs 876 crore, higher than Rs 819 reported a year ago. Revenue for the company rose 12.2 per cent to Rs 15,738 crore, largely driven by higher revenue from core businesses of generation, transmission, and distribution, the company said. Sequentially, the company’s net profit fell 10 per cent.