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......