Tata Power Q2 Results: Net Profit Rises 7% to ₹1,093 Crore Amid Revenue Decline to ₹15,698 Crore

In the second quarter of the 2024-25 financial year, Tata Power posted a consolidated net profit of ₹1,093 crore, marking a 7% increase compared to the previous year. However, its revenue from operations saw a slight dip, decreasing to ₹15,698 crore from ₹15,738 crore in the corresponding quarter last year.

Tata Power Q2 Results Highlights

•     Revenue: Decreased 0.3% to ₹15,697.7 crore vs ₹15,738 crore in the previous quarter.
•     Net Profit: Increased 7% to ₹1,093 crore vs ₹875.5 crore in the previous quarter.
•     EBITDA: Increased 23% to ₹3,808 crore. Margin expands 430 bps to 23.9%.
•     Stock Market: Ended the day on 30th October at ₹426.50 a piece on BSE.

Tata Power Management Commentary

The company reported that its transmission portfolio has reached 7,049 circuit kilometers (Ckm), comprising 4,633 Ckm already commissioned and 2,416 Ckm currently under construction.

“Our Generation, Transmission & Distribution, and Renewable businesses continue to witness sustained growth momentum as India sees record power demand and investment in the new Age of Electricity. All our business segments have performed remarkably well during the quarter leading to 20th consecutive quarterly PAT growth,” said CEO and Managing Director, Dr. Praveer Sinha.

Also read about Tata Power Group stocks.

Stock Market Reaction

Tata Power’s stock price closed at ₹426.50 on the BSE on 30th October, reflecting a 0.26% increase from the previous day’s close.

About Tata Power

Tata Power Co Ltd (Tata Power) operates as an integrated power utility, engaged in the generation, transmission, and distribution of electricity. The company’s core activities span across conventional and renewable energy sectors, covering thermal, hydro, solar, wind, and hybrid power generation. Additionally, Tata Power provides diverse energy solutions, including rooftop solar installations and energy storage systems. The company serves both residential and commercial markets, placing a strong emphasis on sustainable and innovative energy solutions.