.. Tata Power Co. Q1 Fy22 Pat Grows 74percent To Rs 466 Cr, Hits 52-week High
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10 Aug 2021

Summary

  • On a consolidated basis, Tata Power Co.'s net profit surged 73.7% to Rs 465.69 crore on a 54.5% jump in net sales to Rs 9,968.03 crore in Q1 June 2021 (Q1 FY22) over Q1 June 2020 (Q1 FY21).

  • Tata Power Co.'s consolidated Q1 FY22 revenues grew mainly due to the acquisition of Odisha Discoms and higher sales/execution in its solar EPC businesses. The Q1 FY22 consolidated PAT after exceptional items rose on account of higher wind & solar power generation, all round better performances in solar EPC, rooftop, solar pumps business and favorable tariff order for CGPL. Consolidated profit before tax soared 127% to Rs 1,038.21 crore in Q1 FY22 as against Rs 457.45 crore......

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