Tata Power Q1 profit rises 10.9% to Rs 1,176 crore despite margin contraction
Tata Power’s consolidated revenue grew 5.6% year on year to Rs 19,051 crore for the quarter ended June 30, while EBITDA fell 3% to Rs 4,013 crore. EBITDA margin narrowed 180 basis points to 21.1%.
Tata Power reported an 11% year-on-year rise in quarterly consolidated profit to Rs 1,176 crore as revenue grew 5.6% to Rs 19,051 crore. EBITDA fell 3% and margin contracted 180 basis points to 21.1%.
Why this matters
The results follow signals on Tata Power's Q1 outlook, where rooftop solar, EV charging and debt plans were in focus, and reports of textile MSMEs adopting its rooftop solar.
Retail-company signals are accelerating, up 573300% QoQ.