Tata Power share price rises 3% after Q3 results announcement; check key numbers

The power company on Tuesday posted a 10% on-year rise in consolidated net profit to ₹1,188 crore in the quarter ended December 31, 2024, on higher revenues.

It had reported a profit of ₹1,076 crore in the year-ago period.

The company's total income also rose to ₹15,793 crore in the quarter under review, from ₹15,294 crore in the same period a year ago.

"We have delivered a sustained PAT growth trajectory over the last 21 quarters and all our businesses have been contributing to this growth," said Praveer Sinha, CEO, and Managing Director, Tata Power.

Sinha also stated that the government is looking for active partnerships with private players and the amendment to the Nuclear Power Act to set up nuclear energy capacity. "We will take up the opportunities to set up small modular nuclear reactors," the MD said.

As of December, the company's operational capacity was 6.7 GW in the clean & green segment, generating more than 11,700 MUs of green power.

Another 10 GW of projects are under execution and are poised to take its total clean energy capacity to 16.7 GW.