{"id":46062,"date":"2024-05-08T14:29:06","date_gmt":"2024-05-08T14:29:06","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/08\/tata-power-net-profit-up-11-to-rs-1046-crore-in-q4-times-of-india\/"},"modified":"2024-05-08T14:29:06","modified_gmt":"2024-05-08T14:29:06","slug":"tata-power-net-profit-up-11-to-rs-1046-crore-in-q4-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/05\/08\/tata-power-net-profit-up-11-to-rs-1046-crore-in-q4-times-of-india\/","title":{"rendered":"Tata Power net profit up 11% to Rs 1,046 crore in Q4 &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/photo\/msid-109954855,imgsize-544653.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Tata Power net profit up 11% to Rs 1,046 crore in Q4 &#8211; Times of India\" title=\"Tata Power net profit up 11% to Rs 1,046 crore in Q4 &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: <!-- -->Tata Power<!-- --> on Wednesday posted an 11 per cent rise in its consolidated <!-- -->net profit<!-- --> to Rs 1,046 crore in the March quarter compared to the year-ago period mainly on the back of higher revenues. The consolidated profit stood at Rs 939 crore in the quarter ended on March 31, 2023, a BSE filing showed. <br \/> Total income of the company rose to Rs 16.463.94 crore in the quarter from Rs 13,325.30 crore in the same period a year ago. <br \/> The consolidated net profit in the fiscal year 2023-24 rose to a record Rs 4,280 crore from Rs 3,810 crore in the year-ago period, the company said in a statement. Total income increased to Rs 63,272.32 crore in <!-- -->FY24<!-- --> from Rs 56,547.10 crore in 2022-23. <br \/> According to the statement the company&#8217;s market capitalisation has surpassed Rs 1.4 lakh crore.. <br \/> The 2023-24 fiscal saw the company achieve its highest-ever <!-- -->revenue<!-- --> and EBITDA at Rs 61,542 crore and Rs 12,701 crore respectively, backed by a strong rising share from core businesses of Generation, Transmission &amp; Distribution and Renewables, which contributed 74 per cent to FY24 PAT compared to 44 per cent in FY23. <br \/>The Board has recommended a final <!-- -->dividend<!-- --> of Rs 2 per equity share of Rupee 1 each (@ 200%) for the financial year ended March 31, 2024. The company has fixed the Record Date as Thursday, July 4, 2024, for the purpose of payment of dividend. <br \/> Praveer Sinha, CEO and Managing Director, Tata Power, said, &#8220;Our clean energy portfolio will touch 15 GW by FY27 and we are committed to supplying round-the-clock renewable energy to our consumers with a mix of solar, wind and Pumped Hydro Storage Projects in our portfolio.&#8221; <br \/> He further stated that the company is well-poised to take on newer power distribution opportunities once they open for privatization. <br \/> The rooftop solar business is displaying growth momentum and with a portfolio of over 2 GW, the company is well-positioned to tap the increasing opportunities, especially under the PM Surya Ghar Yojana which aims to light up one crore households, he pointed out. <br \/> Tata Power&#8217;s 4.3 GW Cell &amp; Module manufacturing facility in Tirunelveli, Tamil Nadu has commenced production and commercially produced around 130 MW of Modules in Q4 FY24. <br \/> The Company is on an accelerated growth trajectory of transitioning to green energy and aiming for around 70 per cent of capacity from non-fossil-based fuels by 2030. <br \/> As of March 31, 2024, the Company has 4.5 GW of renewable capacity operational and another 5.5 GW of projects under implementation, taking the total green energy portfolio to over 10 GW. <br \/> The Company has 6,277 Ckm (Circuit Kms) of transmission lines portfolio including 1,651 Ckm capacity in pipeline. <br \/> During FY24, the company won two projects worth Rs 2,300 crore under Tariff-Based Competitive Bidding (TBCB) process &#8211; the Interstate Transmission System (ISTS) &#8211; Bikaner III Neemrana II Transmission Ltd and the Intrastate Transmission Scheme in Uttar Pradesh through SPV Jalpura Khurja Power Transmission Ltd.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? 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The consolidated profit stood at Rs 939 crore in the quarter ended on March 31, 2023, a BSE [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":46063,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-109954855,imgsize-544653.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[289,1955,6977,4025,273,2111,34620,2974,498,2891,6097,46993,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/46062"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=46062"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/46062\/revisions"}],"predecessor-version":[{"id":46064,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/46062\/revisions\/46064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/46063"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=46062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=46062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=46062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}