Tata Power Q3 2024
Tata Power Company’s latest financial report for the third quarter ending on December 31, 2023 (Q3FY24) shows some notable figures.
In terms of standalone performance, the company witnessed a significant decline in net profit, plummeting by 64.96% to Rs 527.08 crore for Q3FY24, compared to Rs 1,504.34 crore for the same quarter in the previous year. Similarly, the total income for Q3FY24 also decreased by 23.21% to Rs 5,395.50 crore, in contrast to Rs 7,026.42 crore for the corresponding quarter of the previous year.
However, on a consolidated basis, Tata Power Company fared slightly better. It reported a modest rise in net profit, increasing by 2.28% to Rs 1,076.12 crore for the third quarter ended December 31, 2023, compared to Rs 1,052.14 crore for the same quarter in the previous year. Moreover, the total income for Q3FY24 witnessed a positive growth of 6.19%, reaching Rs 15,294.13 crore, as opposed to Rs 14,401.95 crore for the corresponding quarter of the previous year.
These figures provide insights into the financial performance of Tata Power Company during the specified period.
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Tata Power‘s total order book is Rs 15885 crore
The company’s clean energy portfolio is 5600 MW which is 39% of its total capacity. 4752 MW project is under construction. A target has been set to reach 10000 MW of clean energy capacity in the next 12-24 months. In Q3, the company had got 612MW solar EPC project whose value is Rs 2849 crore. This is the highest in any one quarter. As of December 31, 2023, the total order book of the company is Rs 15885 crore.
Tata Power Share Price History
On February 9, 2024, Tata Power opened at 412.90 and touched a high of 412.90 and touched a low of 384.5 on the same day, and on February 9 Tata Power closed at 407.40.
Conclusion
In the article we talked about the Q3 result of Tata Power in which the net profit has decreased by 64%, if we talk about the orders of Tata Power, there are currently pending orders of 15,885 crores with Tata Power which were received by December 31-2023.
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