Tata Power Co. logged a 9% rise in its consolidated net profit during the June quarter, meeting analysts’ projections.
The power supplier logged a consolidated bottom line of Rs 1,059.86 crore in the first quarter, as compared to Rs 970.91 crore in the year-ago period, according to an exchange filing on Friday. In comparison, the consensus estimate of analysts tracked by Bloomberg was of Rs 1,021-crore profit.
Tata Power Q1FY26 Highlights (Consolidated, YoY)
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Revenue up 4.3% at Rs 18,035.07 crore versus Rs 17,293.62 crore (Bloomberg estimate: Rs 17865 crore).
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Ebitda rises 15% to Rs 4,139.01 crore versus Rs 3,586.66 crore (Estimate: Rs 3530 crore).
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Ebitda margin at 22.9% versus 20.7% (Estimate:19.75 %).
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Net profit up 9% to Rs 1,059.86 crore versus Rs 970.91 crore (Estimate: Rs 1021 crore).
(This is a developing story)
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