Tata Power on Tuesday reported a robust 10 per cent increase in net profit to Rs 1,188 crore for the Oct-Dec quarter of the current financial year compared to the corresponding figure of Rs 1,076 crore in the same period of 2023-24.
The Tata Group company said the strong performance was due to better realisation in the core business segments comprising power generation, transmission, distribution and renewables.
The consolidated revenue of the power major during the third quarter rose 3 per cent to Rs 15,793 crore from Rs 15,294 crore during the same period last year, according to the company statement.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 7 per cent to Rs 3,481 crore from Rs 3,250 crore in the year-ago period.