{"id":140047,"date":"2023-02-03T08:33:33","date_gmt":"2023-02-03T13:33:33","guid":{"rendered":"https:\/\/44.250.171.167\/?p=140047"},"modified":"2023-02-03T08:33:34","modified_gmt":"2023-02-03T13:33:34","slug":"tata-power-net-profit-nearly-doubles-to-91-in-q3fy23","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tata-power-net-profit-nearly-doubles-to-91-in-q3fy23\/","title":{"rendered":"TATA Power net profit nearly doubles to 91% in Q3FY23"},"content":{"rendered":"\n<p>Tata Power on Friday said that its consolidated net profit for the quarter ending December 2022, nearly doubled to \u20b91,052.14 crore. With the help of higher revenues, the company was able to increase its profit from \u20b9551.89 crore in December 2021. <\/p>\n\n\n\n<p>The total income of Tata Power jumped to \u20b914,401.95 crore in the quarter from \u20b911,018.73 crore in the same period a year ago. Tata Power&#8217;s Profit Before Tax stood at \u20b91,864.02 crore for the quarter ending December 2022, which was a substantial jump from \u20b9788.49 crore for the same quarter last year. The company informed in a statement that after it recognized revenue based on the tariff notified by the Ministry of Power and orders of the Central Electricity Regulatory Commission (CERC).<\/p>\n\n\n\n<p>&#8220;On 5th May 2022, Ministry of Power (&#8220;MoP&#8221;) issued directions under Section 11 of the Electricity Act, 2003 to all imported coal-based power plants including Mundra Power plant to operate and generate power to their full capacity. Accordingly, the Company has declared availability and supplied power as per the MoP directions from 6th May, 2022 to 31st December 2022 and recognized revenue based on the tariff notified by MoP,&#8221; the statement said.<\/p>\n\n\n\n<p>&#8220;On 13th September 2022 and 3rd January, 2023, Central Electricity Regulatory Commission (&#8220;CERC&#8221;) passed favourable orders to compensate adverse financial impact to the Company for power supplied under MoP directions and accordingly, the Company has recognized revenue based on these CERC orders. Revenue for the quarter ended 30th September, 2022 and 31st December, 2022 includes an amount of \u20b9151 crore and \u20b9439 crore relating to earlier quarters respectively,&#8221; it added.<\/p>\n\n\n\n<p>The company has reported a jump in Net Worth from \u20b921,707.36 crore last year to \u20b926,889.85 crore in the quarter ending December 2022.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"973\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/81c884a9-5ee2-4896-ab18-76a571f0bcf7-973x1024.png\" alt=\"\" class=\"wp-image-140049\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/81c884a9-5ee2-4896-ab18-76a571f0bcf7-973x1024.png 973w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/81c884a9-5ee2-4896-ab18-76a571f0bcf7-285x300.png 285w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/81c884a9-5ee2-4896-ab18-76a571f0bcf7-768x809.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/81c884a9-5ee2-4896-ab18-76a571f0bcf7-1459x1536.png 1459w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/81c884a9-5ee2-4896-ab18-76a571f0bcf7-1945x2048.png 1945w\" sizes=\"auto, (max-width: 973px) 100vw, 973px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power on Friday said that its consolidated net profit for the quarter ending December 2022, nearly doubled to \u20b91,052.14 crore. With the help of higher revenues, the company was able to increase its profit from \u20b9551.89 crore in December 2021. The total income of Tata Power jumped to \u20b914,401.95 crore in the quarter from [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":140049,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,392,5753],"tags":[9730,9731,1168],"class_list":["post-140047","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-earnings","category-industrials","tag-electricity","tag-power-transmission","tag-renewable-energy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/81c884a9-5ee2-4896-ab18-76a571f0bcf7.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":140260,"url":"https:\/\/alphastreet.com\/india\/tata-steel-delivered-a-net-loss-of-126-in-q3fy23\/","url_meta":{"origin":140047,"position":0},"title":"Tata Steel delivered a net loss of 126% in Q3FY23","author":"Chirag Gupta","date":"February 6, 2023","format":false,"excerpt":"Steel major Tata Steel on Monday reported a surprise consolidated net loss of \u20b92,502 crore for the third quarter ending 31 December, 2022 (Q3FY23). This is a decline of 126% from \u20b99,598 crore profit posted in the corresponding quarter of last year. The steel production company's revenue from operations declined\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/02\/1f98131e-8614-4cda-a6ab-e3867cf491c2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":141446,"url":"https:\/\/alphastreet.com\/india\/tata-elxsi-q3fy23-net-profit-rises-by-29\/","url_meta":{"origin":140047,"position":1},"title":"Tata Elxsi Q3FY23 net profit rises by 29%","author":"Chirag Gupta","date":"February 14, 2023","format":false,"excerpt":"Net profit of Tata Elxsi rose 28.96% to INR 194.68 crore in the quarter ended December 2022 as against INR 150.96 crore during the previous quarter ended December 2021. While, sales rose 28.69% to INR 817.74 crore in the quarter ended December 2022 as against INR 635.41 crore during the\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":140667,"url":"https:\/\/alphastreet.com\/india\/tata-powers-q3fy23-net-profit-rises-by-91\/","url_meta":{"origin":140047,"position":2},"title":"Tata Power&#8217;s Q3FY23 net profit rises by 91%","author":"Chirag Gupta","date":"February 9, 2023","format":false,"excerpt":"Tata Power reported a 91% year-on-year (YoY) rise in its consolidated profit after tax to INR 1,052 crore for the quarter ended December 31, 2022. The company had reported a net profit of INR 551.89 crore in the same quarter of the previous fiscal year. Its consolidated revenue was up\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":145003,"url":"https:\/\/alphastreet.com\/india\/tata-power-reported-a-48-rise-in-its-net-profit-in-q4fy23-results\/","url_meta":{"origin":140047,"position":3},"title":"Tata Power reported a 48% rise in its net profit in Q4FY23 results","author":"Chirag Gupta","date":"May 4, 2023","format":false,"excerpt":"Tata power reported Total revenue for Q4 FY23 of \u20b912,454 Crore, up from \u20b911,960 Crore year on year depicting a growth of 4%. While the consolidated Net Profit of \u20b9939 Crore, up 48% from \u20b9632 Crore in the same quarter of the previous year. The Earnings per Share is \u20b92.43,\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/615d7465-80e3-4f08-98eb-76aa1d101d5a.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/615d7465-80e3-4f08-98eb-76aa1d101d5a.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/615d7465-80e3-4f08-98eb-76aa1d101d5a.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/615d7465-80e3-4f08-98eb-76aa1d101d5a.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/615d7465-80e3-4f08-98eb-76aa1d101d5a.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/615d7465-80e3-4f08-98eb-76aa1d101d5a.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":141602,"url":"https:\/\/alphastreet.com\/india\/tata-investment-corp-q3fy23-net-profit-declined-by-13-per-cent\/","url_meta":{"origin":140047,"position":4},"title":"Tata Investment Corp Q3FY23 net profit declined by 13 per cent","author":"Chirag Gupta","date":"February 14, 2023","format":false,"excerpt":"Tata Investment Corporation Ltd on Tuesday reported a 12.55 per cent decline in consolidated profit after tax at INR 34.74 crore for the third quarter ended December 31, 2022. The company had posted a consolidated profit after tax (PAT) of INR 39.73 crore in the same quarter last fiscal, Tata\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":139208,"url":"https:\/\/alphastreet.com\/india\/tata-elxsi-delivers-29-growth-in-its-net-profits-in-q3fy23-results\/","url_meta":{"origin":140047,"position":5},"title":"Tata Elxsi delivers 29% growth in its net profits in Q3FY23 results","author":"Chirag Gupta","date":"January 25, 2023","format":false,"excerpt":"Net profit of Tata Elxsi rose 28.96% to INR 194.68 crore in the quarter ended December 2022 as against INR 150.96 crore during the previous quarter ended December 2021. While, sales rose 28.69% to INR 817.74 crore in the quarter ended December 2022 as against INR 635.41 crore during the\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/6b255a6e-ed73-4df4-bea5-893afd0eaad2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/140047","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=140047"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/140047\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/140049"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=140047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=140047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=140047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}