Tata Power Q1 profit exceeds estimates with record capex
after close1 source ↓written by the desknot a recommendation
- 11% YoY
- Revenue also rose
- 5.6% YoY
- ₹19,051 cr
- margin narrowing
- 21.07%
Tata Power reported a net profit of ₹1,401 cr, up 11% YoY, surpassing estimates of ₹1,185 cr. Revenue also rose 5.6% YoY to ₹19,051 cr, exceeding expectations. Despite margin pressure, with operating margin narrowing to 21.07%, the company’s strong performance in renewables and generation remains a key growth driver. 💡
Not investment advice. For informational purposes only.