Tata Power Q4 Results: Net Profit Hikes 54% To Rs 778 Crore

Tata Power

Tata Power Company Ltd, on Thursday, announced its fourth-quarter results for the fiscal year 2021-22, reporting a consolidated net profit of Rs 778 crore. This represents a significant increase of 54% compared to the same period last year.  

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The Company recorded consolidated revenue from operations of Rs 12,454 crore for the March quarter. In the final quarter of FY22, it was Rs 11,960 crore. by TaboolaSponsored Links My 8-Month Son Is Suffering From Heart Disease.

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Please Help Ketto Learn More Online Job In USA From Botad. Salaries Might Surprise You! Online Jobs | Search Ads Search Now On Thursday, the BSE price of Tata Power stock remained unchanged at Rs 203.80.

Tata Power’s largest division, transmission and distribution, recorded a 16.4% increase in revenue to Rs 8,295 crore.

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The board of the corporation suggested a dividend of Rs 2 per share.

“The Board has recommended a dividend of Rs 2 per Equity Share of Rs 1 each (@ 200 percent) to the shareholders for the year ended 31st March 2023,” as per a regulatory filing by the company.

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Tata Power’s renewable energy portfolio recorded revenue growth of 37% YoY, driven by the commissioning of new wind and solar projects. The company’s total renewable capacity stands at 4,497 MW, with an additional 1,380 MW under construction.  

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The distribution business also witnessed growth during the quarter, with a revenue increase of 12% YoY. The company’s Mumbai distribution business continued to deliver steady results, with a reduction in aggregate technical and commercial losses.

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