Tata Power registers 74 per cent growth in consolidated profit

Tata Power Company Limited has recorded a consolidated total income of Rs 110.19billion for the quarter ended December 2021, an increase of 43per cent over Rs 77.03billion recorded in the same quarter of previous year.

The company’s net profit has increased by 74 per cent to Rs 5.52 billion in the quarter ended December 2021 from Rs 3.18 billion during quarter ended December 2020. The increase in revenue can be due to expanded operation in Odisha discoms, higher project execution by Tata Power Solar Systems Limited, and strong performance of all other businesses.