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Tata Power Q2 Results: PAT Soars 51% to ₹1,533 Crore – Discover Key Drivers!

Tata Power Q2 Results: Consolidated PAT rose 51% YoY to ₹1,533 crore, driven by operational efficiency, favourable regulations, and growth in solar manufacturing and distribution sectors.
Tata Power Q2 Results: PAT Soars 51% to ₹1,533 Crore - Discover Key Drivers!

Tata Power Q2 results showed strong growth, with consolidated profit after tax (PAT) (before exceptional items) reaching ₹1,533 crore, up 51% year-on-year. The company attributed this increase to enhanced operational efficiency, favourable regulatory support, and significant growth in its solar manufacturing and distribution sectors.

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During the quarter, Tata Power’s consolidated EBITDA rose 23% YoY to ₹3,808 crore. This boost reflects the company’s strategic focus on ramping up solar manufacturing and efficiency improvements across various business operations, according to its recent press release.

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Despite these gains, Tata Power’s revenue for the quarter slightly dipped, down by 1% to ₹15,247 crore from ₹15,442 crore a year ago. However, the company highlighted its record-breaking half-yearly financials with all-time high revenue, EBITDA, and PAT before exceptional items for H1FY25.

Tata Power reported a robust solar EPC order book totaling ₹15,900 crore, showcasing its commitment to renewable energy. The clean and green energy portfolio has now expanded to approximately 12.9 GW, with 6.4 GW operational and an additional 6.5 GW under construction.

In transmission, Tata Power’s portfolio now encompasses 7,049 circuit kilometres (Ckm), including 4,633 Ckm commissioned and 2,416 Ckm currently under construction. This extensive network reinforces Tata Power’s pivotal role in India’s power infrastructure.

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The company also reported a capex of around ₹5,200 crore for Q2FY25 to support growth initiatives, with H1FY25 capex reaching ₹9,100 crore out of a full-year target of ₹20,000 crore. This investment underscores Tata Power’s dedication to expansion and future-ready infrastructure.

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Dr. Praveer Sinha, CEO and Managing Director, emphasised the company’s sustained growth in Generation, Transmission & Distribution, and Renewables. He noted that all segments performed well, driven by India’s record power demand, marking the 20th consecutive quarter of PAT growth for Tata Power.

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