Tata Power second quarter net profit jumps 36% to Rs 506 crore

Tata Power on Thursday posted 36 per cen jump in consolidated net profit at Rs 506 crore for September quarter 2021-22 on the back of higher revenues.

The net profit of the company in the quarter ended September 30, 2020 was Rs 371 crore, a BSE filing stated.

Total income stood at Rs 10,187.33 crore in the quarter as against Rs 8,441.60 crore in the same period a year ago.

Consolidated profit after tax was up 36 per cent due to savings in finance cost and better performance in Renewables Business, a company statement said.

Tata Power Group’s revenue was up 13 per cent at Rs 9,502 crore as compared to Rs 8,428 crore in the year-ago period, it stated.