Spread the love

New Delhi: Tata Power has reported an over 31% rise in its consolidated net profit to ₹632.37 crore in the March 2022 quarter, mainly on the back of higher revenues. Its consolidated net profit was ₹481.21 crore in the year-ago quarter, according to a statement.

“Consolidated PAT before exceptional items up by 76% YoY (year-on-year) at ₹775 crore in March quarter against ₹440 crore in Q4 FY21 (March quarter),” the company said in the statement. The consolidated revenue surged 16% to ₹12,085 crore in the March quarter, compared to ₹10,379 crore a year ago. In 2021-22, the consolidated net profit rose to ₹2,155.61 crore from ₹1,438.65 crore in the preceding fiscal.

The company stated that FY22 consolidated PAT (profit after tax) before exceptional items was up by 61% year-on-year at ₹2,298 crore compared to ₹1,424 crore in FY21.

The consolidated revenue increased 28% to ₹42,576 crore in FY22 from ₹33,239 crore in the previous financial year.

The board has also recommended a dividend of ₹1.75 per equity share of ₹1 each (at the rate of 175%) to the shareholders for the year ended March 31, 2022.

“We ended FY22 on a high note, with our 10th consecutive quarter of PAT growth, fuelled by broad-based growth across all our business clusters comprising generation, transmission, distribution including Odisha and renewables,” said Tata Power CEO Praveer Sinha.

Thanks

Leave a Reply

Your email address will not be published. Required fields are marked *