Home Business Tata Power profit rises 11% to 1,000 crore

Tata Power profit rises 11% to 1,000 crore

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New Delhi: Tata Power on Wednesday posted an 11% rise in its consolidated web profit to Rs 1,046 crore within the March quarter in contrast to the year-ago interval primarily on the again of upper revenues.
The consolidated profit stood at Rs 939 crore within the quarter ended on March 31, 2023, a BSE submitting confirmed. Total earnings of the corporate rose to Rs 16.464 crore within the quarter from Rs 13,325 crore in the identical interval a 12 months in the past.The consolidated web profit within the fiscal 12 months 2023-24 rose to a file Rs 4,280 crore from Rs 3,810 crore within the year-ago interval, the corporate stated in a press release.
Total earnings elevated to Rs 63,272 crore in FY24 from Rs 56,547 crore in 2022-23. According to the assertion, the corporate’s market cap has surpassed Rs 1.4 lakh crore. Fiscal 2023-24 noticed the corporate obtain its highest-ever income and ebitda at Rs 61,542 crore and Rs 12,701 crore, respectively.


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