Mumbai: Tata Power in early February 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.

Praveer Sinha, CEO and Managing Director of Tata Power said the company has delivered a sustained PAT (profit after tax) growth trajectory over the last 21 quarters and that all the businesses have been contributing to this growth. “We have emerged as a clean energy leader with a presence across the full value chain of manufacturing, EPC, and development of renewable projects along with retail supply through group captives. As an integrated power company, we offer complete energy services towards our portfolio of generation, transmission and distribution solutions to provide affordable power for all,” Sinha added.

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.