Tata Power Q3 results: Net profit up 22% to Rs 318 cr on debt reduction
Tata Power s revenue rose 7.5 per cent to Rs 7,598 crore during the December quarter.
BusinessToday.In | February 4, 2021 | Updated 20:35 IST
During the quarter, Tata Power Solar booked 153 MW of solar/hybrid bids and the company s solar EPC order book stood at Rs 10,608 crore.
Tata Power on Thursday reported 22 per cent year-on-year increase in consolidated net profit for October-December quarter at Rs 318 crore on debt reduction, better performance of Mundra plant and steady operational performance across all businesses.
The company s revenue rose 7.5 per cent to Rs 7,598 crore during the December quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 1 per cent to Rs 1,997 crore from Rs 1,970 crore in the year-ago quarter.