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Tata Power (NSE:TATAPOWER) Second Quarter 2023 Results
Significant financial results
- Revenue: ₹141.8b (up 42% from 2Q 2022).
- Net income: ₹8.19b (up 94% from 2Q 2022).
- Profit margin: 5.8% (up from 4.2% in 2Q 2022).
- The increase in margin is due to higher revenue.
- EPS: ₹2.57 (up from ₹1.32 in 2Q 2022).
All figures shown in the table above are for a 12-month period (TTM).
Tata Power EPS misses expectations
Earnings were in line with analysts’ estimates. Earnings per share (EPS) missed analysts’ estimates by 8.2%.
Looking ahead, revenue is expected to increase by 16% per year on average over the next 3 years, when compared to the 6.9% growth of the electrical industry in India.
The performance of Indian Electrical Equipment Industry.
The company’s shares are up 3.0% from last week.
Risk analysis
Know that Tata Power is performing 2 warning signs in our investment analysis And 1 of them cannot be ignored…
Valuation is complicated, but we help make it simple.
Find out whether Tathagata energy May be over or under by checking our comprehensive analysis, which includes Fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methods and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any securities, and does not take into account your objectives, or your financial situation. We aim to bring you long-term focused analysis based on fundamental data. Please note that our analysis may not factor in company postings that are sensitive to the latest price or quality materials. Only Wall St has no position in any of the stocks mentioned.
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