Tata Power Q3 Results: Net profit up 10% to ₹1,188 crore, revenue rises 5%; shares end higher

Tata Power on Tuesday posted a 10% year-on-year (YoY) increase in its consolidated net profit to ₹1,187.54 crore for the December quarter of the current fiscal (Q3 FY25), as against ₹1,076.12 crore in the year-ago period. On a sequential basis, the company’s net profit grew 8.6%, up from ₹1,093 crore in Q3 FY24.

Its revenue from operations increased 4.83% YoY to ₹15,391.06 crore as compared to ₹14,651 crore posted in the year-ago quarter.

The scrip of Tata Power ended 1.96% up at ₹361.85 apiece on the NSE on Tuesday, February 4. The company’s market capitalisation stands at ₹1,15,623.36 crore.

"We have delivered a sustained PAT growth trajectory over the last 21 quarters and all our businesses have been contributing to this growth. 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 of Tata Power in a company filing.

He added, “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.”

The company’s consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) was at ₹3,481 crore, up 7% YoY. For the first nine months of the current fiscal (9M FY25), the company posted revenue and net profit of ₹47,174 crore and ₹3,909 crore, respectively.

Tata Power’s operational capacity was at 6.7 GW in the clean & green segment, generating over 11,700 MUs of green power as of December 31, 2024. In the December quarter, it surpassed a milestone of 120,000 home chargers and 1,156 e-bus charging points, reflecting its commitment to the adoption of electric vehicles in India, the company said.