The shares of the Tata Company primarily involved in the business of the generation, transmission, and distribution of electricity jumped upto 4 percent upon declaring Q3 results and generating profit with a 10 percent rise Year on Year (YoY).
Price action
With a market capitalization of Rs.1,15,719 crores on Wednesday, the shares of Tata Power Company Limited jumped upto 4 percent making a high of Rs. 375 per share compared to its previous closing price of Rs. 362.15 per share.
What Happened
Tata Power Company Limited primarily engaged in the business of the generation, transmission, and distribution of electricity has announced its Q3FY25 results.
Its Revenue from operations grew by 5 percent YoY from Rs. 14,651 Crores in Q3FY24 to Rs. 15,391 Crores in Q3FY25 and it declined by 2 percent QoQ from Rs. 15,697 Crores in Q2FY25 to Rs. 15,391 Crores in Q3FY25.
Its Net Profit grew by 10 percent YoY Rs. 1,076 Crores in Q3FY24 to Rs. 1,187 Crores in Q3FY25 and it rose by 8.6 percent QoQ from Rs. 1,093 Crores in Q2FY25 to Rs. 1,187 Crores in Q3FY25.
The earnings per share (EPS) for the quarter stood at Rs. 3.22, compared to Rs. 2.90 in the previous quarter and Rs. 2.98 in the same quarter last year.
Revenue Segments
The company has generated revenue from different segments as follows: the Generation segment contributed Rs. 4,924 crores (30.7 percent) this quarter, the Renewables segment contributed Rs. 2,122 crores (13.25 percent), the Transmission and Distribution segment added over Rs. 8,851 crores (55.2 percent), and the Others segment contributed Rs. 107 crores (0.6 percent).
About the company
Tata Power is one of India’s largest integrated power companies, providing electricity generation, transmission, and distribution services. It has a diverse energy portfolio, including thermal, hydro, solar, and wind power. The company is a leader in the renewable energy sector, focusing on sustainable and green energy solutions.
Future Outlook
Tata Power aims to achieve 100 percent clean and green power generation by FY45. Starting as a coal-based company in 2015, they are transitioning to a cleaner portfolio with a focus on renewable energy.
By 2024 they had planned for 43 percent of its capacity should be clean and green, and by 2030 they predict renewable energy will account for at least 70 percent of total capacity. The company plans to phase out its thermal portfolio and plans to have a clean and green portfolio by 2045.
Written by Sridhar J
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