Tata Power Q1 profit up 11%, board approves ₹4,500 cr NCD issue
after close1 source ↓written by the desknot a recommendation
- in Q1 FY27
- 11% YoY increase
- ₹1,401 crore
- with revenue rising
- 8%
- ₹18,898 crore
- through NCDs
- ₹4,500 crore
Tata Power reported a 11% YoY increase in Q1 FY27 consolidated profit after tax to ₹1,401 crore, with revenue rising 8% to ₹18,898 crore. The board approved raising up to ₹4,500 crore through NCDs to support its expansion plans. Additionally, the company achieved its highest-ever quarterly capex of ₹5,375 crore to enhance renewable energy initiatives. ⚡
This financial performance and strategic funding may bolster investor confidence and support future growth in the renewable sector.
Not investment advice. For informational purposes only.