"Tata Power Q2 Results: Net profit rises 7% YoY to Rs 876 crore; revenue up 12%"

"Tata Power Q2 Results: Net profit rises 7% YoY to Rs 876 crore; revenue up 12%"

• By Staff Writer

"Tata Power on Wednesday reported a 7% year-on-year (YoY) increase in its consolidated net profit at Rs 876 crore for the three months ended September 2023. It was Rs 819 crore in the same period last year"

Revenue from operations in the September quarter jumped 12% to Rs 15,738 crore, compared with Rs 14,031 crore in the year-ago quarter.

The company has reported an EBITDA of Rs 3,090 crore in the July-September period, up 76% YoY from Rs 1,759 crore a year ago. Meanwhile, margins improved to 19.6% in the reporting period.