In the September quarter, Tata Power Company Ltd.’s consolidated net profit increased by 85% to 935.18 crore, mostly due to increasing revenue. Total income of the company rose to ₹14,181.07 crore in the quarter from ₹10,187.33 crore a year ago.
“We have witnessed strong performance from all of our business clusters – Generation, Transmission, Distribution, including Odisha, and Renewables. The fact that our PAT has increased for 12th consecutive quarters demonstrates the strong foundations upon which each of these businesses have been built,” said Praveer Sinha, CEO & MD, Tata Power.
According to a statement from Tata Power, its PAT (profit after tax, often known as net profit) has improved for the 12th straight quarter, proving the viability of its corporate strategy.