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Tata Power Company reports 11% rise in Q4 consolidated net profit
May-08-2024

Tata Power Company has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported over 5-fold jump in its net profit at Rs 846.11 crore for the quarter under review as compared to Rs 141.89 crore for the same quarter in the previous year. Total income of the company increased by 60.37% at Rs 5,665.85 crore for Q4FY24 as compared Rs 3,533.05 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 11.37% rise in its net profit at Rs 1,045.59 crore for fourth quarter ended March 31, 2024 as compared to Rs 938.81 crore for the same quarter in the previous year. Total income of the company increased by 23.55% at Rs 16463.94 crore for Q4FY24 as compared Rs 13,325.30 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 31.76% fall in net profit at Rs 2,229.86 crore as compared to Rs 3,267.90 crore for the previous year. However, total income of the company increased by 0.61% at Rs 21,945.75 crore for year under review as compared to Rs 21,813.17 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 79.03% rise in its net profit at Rs 4,280.10 crore as compared to Rs 3,809.67 crore for the previous year. Total income of the company increased by 11.89% at Rs 63,272.32 crore for year under review as compared to Rs 56,547.10 crore for year ended March 31, 2023.

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