HOME| Tata Power profit rises 11% to 1,000 crore | Writer | Admin | |||
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| Tata Power on Wednesday posted an 11% rise in its consolidated net profit to Rs 1,046 crore in the March quarter compared to the year-ago period mainly on the back of higher revenues. The consolidated profit stood at Rs 939 crore in the quarter ended on March 31, 2023, a BSE filing showed. Total income of the company rose to Rs 16.464 crore in the quarter from Rs 13,325 crore in the same period a year ago. The consolidated net profit in the fiscal year 2023-24 rose to a record Rs 4,280 crore from Rs 3,810 crore in the year-ago period, the company said in a statement. Total income increased to Rs 63,272 crore in FY24 from Rs 56,547 crore in 2022-23. According to the statement, the company's market cap has surpassed Rs 1.4 lakh crore. Fiscal 2023-24 saw the company achieve its highest-ever revenue and ebitda at Rs 61,542 crore and Rs 12,701 crore, respectively.
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