{"id":22438,"date":"2022-02-09T17:30:21","date_gmt":"2022-02-09T12:00:21","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-results-tata-power\/"},"modified":"2022-02-09T17:47:51","modified_gmt":"2022-02-09T12:17:51","slug":"biz-results-tata-power","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-results-tata-power\/","title":{"rendered":"Tata Power Q3 Results: Consolidated net profit up 74% to Rs 552 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1331535293\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Tata Power on Wednesday posted a 74 per cent rise in its consolidated net profit to Rs 552 crore for the December quarter on the back of higher revenues.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2624014941\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>This was the ninth consecutive quarter of PAT growth, it added.<\/p><p>&#8220;Consolidated PAT (profit after tax) up by 74 per cent YoY year at Rs 552 crore vs Rs 318 Crore in Q3 FY21 (October-December 2020) on the back of strong all-round business performance by all verticals,&#8221; a company statement said.<\/p><p>Consolidated revenue also went up by 42 per cent to Rs 11,015 crore, from Rs 7,756 crore in Q3 FY21 due to expanded operation in Odisha discoms, higher project execution by Tata Power Solar Systems Ltd (TPSSL), and strong performance of all other businesses, it said.<\/p><div class=\"trade-content_5\" id=\"trade-1137803936\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company&#8217;s CEO and Managing Director Praveer Sinha said,&#8221;Tata Power has delivered strong financial performance for the 9th consecutive quarter. All our business clusters have contributed significantly despite facing pandemic-related challenges, demonstrating tremendous resilience, strength and agility.&#8221; &#8220;We are committed to focus on key growth areas viz renewables, distribution, and new businesses comprising rooftop solar, solar pumps and EV charging. We&#8217;ll focus on utilising technology to offer smart, green energy solutions and provide world class experience to our 12 million plus customers,&#8221; he added.<\/p><p>Its arm Tata Power Solar Systems Ltd (TPSSL) will set up a 4 GW solar cell and module manufacturing capacity with an investment of Rs 3,400 crore.<\/p><p>The solar engineering, procurement and construction order book has crossed the Rs 10,000 crore-mark, it added.<\/p><p>Renewable portfolio grew due to addition of 289 MW capacity and strong execution of both large scale and rooftop solar projects by TPSSL.<\/p><p>It has developed a network of 1,200+ EV (electric vehicle) charging points across India.<\/p><p>Tata Power is one of India\u2019s largest integrated power companies. Together with its subsidiaries and jointly controlled entities, it has an installed\/managed capacity of 13,171 MW.<strong> PTI<\/strong>&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-3712252409\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-4288272828\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Tata Power on Wednesday posted a 74 per cent rise in its consolidated net profit to Rs 552 crore for the December quarter on the back of higher revenues. This was the ninth consecutive quarter of PAT growth, it added. &#8220;Consolidated PAT (profit after tax) up by 74 per cent YoY year at Rs 552 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":22445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31,1789],"tags":[],"class_list":["post-22438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Power Q3 Results: Consolidated net profit up 74% to Rs 552 cr - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-results-tata-power\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tata Power Q3 Results: Consolidated net profit up 74% to Rs 552 cr\" \/>\n<meta property=\"og:description\" content=\"Tata Power on Wednesday posted a 74 per cent rise in its consolidated net profit to Rs 552 crore for the December quarter on the back of higher revenues. 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