Tata Power, one of India’s leading power generating company registered a 71.6 per cent increase in its net profit during Q3, FY2021-22 to Rs 425.8 crore. It was 248 crore during corresponding period last fiscal.
The company also witnessed a 43.6 per cent increase in its consolidated revenue from operations to Rs 10,913.1 crore for Q3FY22. The company said the rise in revenue is at the back of expanded operation in Odisha power distribution companies, higher project execution by Tata Power Solar Systems (TPSSL) and strong performance of all other businesses
The company its consolidated underlying EBITDA was up by 16 per cent at Rs 2,499 crore, “mainly due to higher profit from coal mines offset by higher losses in Coastal Gujarat Power ltd (CGPL) due to increase in coal prices.”
