Tata Power, one of India’s leading integrated power companies, reported a 10.35 per cent increase in consolidated net profit for the December quarter, reaching Rs 11.87 billion, up from Rs 10.76 billion in the same period last year. The company’s net profit also showed a sequential growth of 8.6 per cent, improving from Rs 10.93 billion in the previous quarter.

Revenue from operations for the quarter was Rs 153.91 billion, reflecting a 5 per cent year-on-year increase compared to Rs 146.51 billion in the same quarter of the previous year. The company’s consolidated EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the quarter rose by 7 per cent to Rs 34.81 billion, driven by strong contributions and operational efficiencies across its various business segments.

For the nine-month period ending December 31, 2024, Tata Power reported a revenue of Rs 471.74 billion and a profit after tax (PAT) of Rs 39.09 billion. The EBITDA during this period reached an all-time high of Rs 106.39 billion.

As of the end of December 2024, Tata Power’s operational capacity in the clean and green energy segment stood at 6.7 GW, producing over 11,700 million units (MUs) of green power. The company is also executing projects totalling an additional 10 GW, which will increase its total clean energy capacity to 16.7 GW once completed.

News source: Livemint