Distribution helps Tata Power log over two-fold rise in Q3 net to Rs 945 cr

The company's consolidated earnings before interest tax depreciation and amortisation (Ebitda) grew 53 per cent versus last year to Rs 3,816 crore

Tata Power on Friday reported an over two-fold rise in consolidated net profit to Rs 945 crore for the December quarter (Q3FY23) against the corresponding period of the last financial year (Q2FY22). The result was aided by higher power generation and distribution sales, as well as improved realisation per unit. The December quarter net profit beat street estimates, which had pegged bottomline at Rs 900 crore, according to Bloomberg. The company had reported a net profit of Rs 426 crore last year. 

The company's consolidated revenue was up nearly 30 per cent to Rs 14,129 crore in the quarter against