Tata Power shares surged 2% after the company reported strong financial performance for the third quarter ended December 31, 2024. As of 9:33 AM, the shares were trading 2.14% higher at Rs 369.80.
The power giant recorded a 10% year-on-year (YoY) increase in net profit, reaching ₹1,187.5 crore compared to ₹1,076 crore in the same period last year. This growth reflects the company’s strategic focus on operational efficiency and cost management.
Tata Power’s EBITDA saw a remarkable 38.6% YoY surge, reaching ₹3,353 crore compared to ₹2,418 crore in the previous year. The EBITDA margin improved significantly to 21.8%, up from 16.5% last year, highlighting enhanced profitability and strong execution capabilities. Despite facing regulatory losses of ₹274 crore, reversing from ₹190 crore gains in the prior year, the company maintained steady growth.
Revenue from operations rose 5% YoY to ₹15,391 crore, up from ₹14,651 crore in Q3FY24, showcasing sustained demand across its diverse business segments. Meanwhile, total expenses were marginally lower at ₹14,249 crore compared to ₹14,252 crore last year, demonstrating Tata Power’s ability to optimize costs amid rising revenue.
Tata Power shares opened at ₹366.45, reaching a high of ₹373.40 and a low of ₹362.50 on the day. The stock has seen a 52-week high of ₹494.85 and a low of ₹338.40.
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