Tata Power Q1 results: Net profit doubles to Rs 795 cr, revenue up 43%

Tata Power on Tuesday reported a 103.2 per cent increase in its consolidated net profit to Rs 794.60 crore in the April-June 2022 period (Q1), beating street estimates by a wide margin. Bloomberg consensus estimates had pegged net profit at Rs 461 crore for the quarter.

In the year-ago period, Tata Power reported a consolidated net profit of Rs 391.03 crore.

Revenue from operations increased 43 per cent to Rs 14,495.48 crore, ahead of street estimates, which had pegged revenue at Rs 12,035 crore for the period. Tata Power had posted a revenue of Rs 10,132 crore in the corresponding