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Tata Power Q3 net profit rises on lower tax outgo

Tata Power Q3 net profit rises on lower tax outgo


Tata Power reported a 8.2 per cent rise in net profit in the third quarter of FY25 helped by lower tax outgo compared to last year, while revenue from operations rose 5.1 per cent, with growth being witnessed in the transmission and distribution segment.

The company reported consolidated net profit of ₹1,030.7 crore on revenue of ₹15,391 crore. The segmental breakup showed that revenue from generation and renewables showed a fall in the quarter.

“We have emerged as a clean energy leader with presence across the full value chain of manufacturing, EPC, and development of renewable projects along with retail supply through group captives,” said Praveer Sinha, CEO and Managing Director. “As an integrated power company, we offer complete energy services towards our portfolio of generation, transmission and distribution solutions to provide affordable power for all.”

He added that the company would set up small modular nuclear reactors in line with the government seeking active partnerships with private players and the amendment to the Nuclear Power Act to set up nuclear energy capacity.

Renewables

In the renewables segment, where the company has developed a sizeable portfolio, its installed capacity was at 6.7 GW with a pipeline of 10 GW.

Its solar manufacturing facility in Tirunelveli with a 4 GW cell line is fully operational, the company said, and an additional 300 MW of Topcon line will be commissioned in the current quarter. The manufacturing unit reported revenues of more than ₹1,300 crore, EBITDA of ₹226 crore, and net profit of ₹112 crore in Q3FY25.

At the end of the quarter it had close to 2.5 GW of rooftop installations with a pan-India target of 30 lakh installations. The rooftop business saw a revenue growth of 15 per cent to ₹509 crore in Q3FY25.

Transmission and distribution

Transmission and distribution business reported a 7 per cent PAT growth to ₹370 crore in Q3FY25 buoyed by the robust performance of Odisha, Delhi and Mumbai distribution businesses. It has a target of 10,500 circuit km of capacity by FY30 and has won four large strategic transmission bids valued at ₹7,100 crore in the last 10 months.





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