Tata Power's total net profit increased by almost 31 percent to Rs 632.37 crore in the March 2022 quarter, mainly on the back of higher revenues. As per company’s statement to a release, the Tata Power’s overall net profit in the previous quarter was Rs 481.21 crore.
"Consolidated Profit after tax (PAT) before Exceptional Items increased by 76 percent year-over-year to Rs 775 crore in March quarter compared to Rs 440 crore in Q4 FY21 (March quarter)," the company said in a statement. In the March quarter, consolidated sales rose by 16 percent to Rs 12,085 crore, up from Rs 10,379 crore a year before. The overall net profit for fiscal year 2021-22 increased to Rs 2,155.61 crore from Rs 1,438.65 crore the previous year.
The company reported that consolidated profit after tax before exceptional items in FY22 was Rs 2,298 crore, up 61 percent from Rs 1,424 crore in FY21. In FY22, consolidated revenue climbed by 28 percent to Rs 42,576 crore, up from Rs 33,239 crore the previous year.
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