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09.08 - 17:53
Tata Power Q1 Results: PAT jumps 22% YoY to Rs 972 crore, sales rise 5%
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Tata Power on Wednesday reported a 22.4% year-on-year (YoY) rise in consolidated net profit for the quarter ended June 2023 to Rs 972.49 crore. Consolidated revenue from operations grew nearly 5% YoY to Rs 15,213.29 crore.
Sequentially, the topline rose 22% and the bottomline grew by 25%. Operating profit, calculated as earnings before interest, taxes, depreciation and amortization (EBITDA), increased sharply by 75% YoY to Rs 2,943.60 crore.
Operating profit margin expanded a whopping 774 basis points to 19.35%. The cost of purchased power during the quarter stood at Rs 5,392 crore, compared to Rs 5,123.2 crore a year ago.
Read more on economictimes.indiatimes.comAbout this in other media
Tata Power Q1 Results: Net profit rises 22.4% on year to ₹972.49 crore livemint.com /9 months ago
Berger Paints Q1 Results: Cons PAT jumps 40% YoY to Rs 355 crore; revenue rises 9% economictimes.indiatimes.com /9 months ago
Q1 results today: IRCTC, ZEE, Tata Power, Bharat Forge among stocks to declare Q1 results 2023 livemint.com /9 months ago
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