Categories Earnings, Energy

Tata Power Q2 results: Revenues rise 18% more than what analysts expected

Tata Power (NSE: TATAPOWER) reported its second-quarter 2022 earnings results today.

The company reported a 21% year-on-year rise in its consolidated revenue to ₹102 billion for the quarter ended September 2021.

Tata Power had a net profit of ₹4.21 billion compared to ₹3.70 billion in the previous year of the same quarter.

The renewable energy segment saw its revenues in the quarter rise to ₹14.9 billion from ₹11 billion a year ago. While the cost of fuel reduced 17.2% on-year during the quarter, the cost of power purchased rose 61% from the year-ago period.

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