Tata Power Q2 Results: Net profit rises 8% to ₹1,017 crore, revenue up 12% YoY
Tata Power Q2 Results: Tata Power announced its July-September quarter results for fiscal 2023-24 (Q2FY24) on Wednesday, November 8, reporting a rise of 8.8 per cent in net profit of ₹1,017 crore, compared to ₹935 crore in the corresponding period last year. "We have reported yet another strong quarter of financial performance, driven by robust contributions from all our core business clusters.
Our adherence to financial discipline, operational excellence along with business resilience and diversification have helped us in maintaining this consistent profit growth," Praveer Sinha, CEO and Managing Director of Tata Power, said in the statement. We are constantly focusing on new areas of growth such as our greenfield solar cell and module manufacturing plant in Tamil Nadu which has produced its first module in this quarter and is on track to roll out the first cell into Q4FY24, he stated.Milestone Alert!
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