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Tata Power reported a consolidated net profit of ₹503 crore for the March quarter, an increase of 28%, compared to ₹393 million dollars in the same period.
Operating income increased by 15% ₹11,960 crore for the period under review.
On Friday, Tata Power shares settled 0.22% lower at ₹246.95 per NSE.
The board also recommended the dividend of ₹1.75 per share.
Total EBITDA (earnings before interest, taxes, depreciation and amortization) increased by 35% at ₹2,253 million kip ₹1,668 billion in the same quarter last year.
“We ended FY22 on a high note, with our PAT growing for the 10th consecutive quarter, driven by broad-based growth across our business groups comprising of generation, transmission, distribution including Odisha and Renewables. Our track record in the renewable energy space has attracted renowned global investors (BlackRock Real Assets and Mubadala) to join us in accelerating India’s transition to green energy,” said Tata Power CEO and MD Praveer Sinha.
PAT replacement portfolio increased by 60% in Q4FY22 vs Q4FY21 due to 707 MW capacity addition in FY22. There was also a strong performance of both large scale and rooftop solar projects during the quarter.
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