Preview of Tata Power’s Q4 FY24 Results: According to study, stock 24 news -based Tata group power generation company Tata Power is expected to record a 22% year-over-year increase in consolidated net profit to Rs 950 crore for the March quarter.
Preview of Tata Power’s Q4 Results: On Wednesday, May 8, the Tata Group power generation company Tata Power is scheduled to release its financial results for the quarter and the year that concluded on March 31. The energy generator based in Mumbai is anticipated by analysts to present a robust financial performance during the January-March period due to its transmission unit’s revenue increase driven by expansion and its outstanding execution.within the solar system.
stock 24 news research projects that Tata Power
would report a consolidated net profit of Rs 950 crore for the quarter that ends on March 31, 2024, representing a 22% rise over the previous year. Analysts predict that the Tata Group company’s quarterly revenue would increase by 28.5% to Rs 16,009 crore.
According to the research, Tata Power is predicted to have fourth-quarter earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs 2,787 crore, up from Rs 1,928 crore in the previous year.
Analysts at stock 24 news predict that Tata Power’s margin, which is a crucial indicator of a company’s profitability, would be 17.41% for the March quarter, up 193 basis points (bps) from the previous year.
Tata Power Q3 FY24 Profits: An overview
Between October and December, Tata Power presented a mixed show.
According to a regulatory filing, revenue increased 3.7% to Rs 14,651 crore, while its consolidated net profit barely increased to Rs 953 crore for the fiscal third quarter from Rs 945 crore for the same period last year.
The profit margin increased slightly from 16.4% to 16.5% in the December quarter of last year.
Tata Power’s net profit for the December quarter was projected by stock 24 news experts to be Rs 865 crore, with revenue expected to be Rs 15,700 crore and a margin of 18.22%.
Shares of Tata Power (TATAPOWER): Previous results
Investors who purchased Tata Power shares as of May 7 saw a 115% return.in a year, much surpassing the main Nifty50 index’s 22% increase.
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