Mumbai-headquartered Tata Power has reported a strong financial performance for the third quarter of FY2025. The company's total income reached INR 16,793.43 crore (~$1.92 billion), an increase from INR 15,294.13 crore (~$1.75 billion) in the same quarter of the previous fiscal year. Total expenses remained relatively stable at INR 14,249.35 crore (~$1.63 billion), compared to INR 14,254.11 crore (~$1.63 billion) in Q3 FY24. Profit before Regulatory Deferral Balances rose to INR 1,544.08 crore (~$176.4 million) from INR 1,040.02 crore (~$118.8 million) in the corresponding period of FY24. Tata Power Renewable Energy Limited reported Q3 FY25 revenue of INR 2,122.87 crore (~$242.5 million), a decrease from INR 2,483.93 crore (~$283.8 million) in Q3 FY24. The company continues to expand its operations in rooftop solar projects, engineering, procurement, and construction (EPC) services, and solar cell and module manufacturing.
Tata Power releases Q3 FY25 earnings report
For Q3 FY25, Tata Power posted INR16,793.43 crore in income and INR 1,544.08 crore in profit before tax, with a decline in renewable revenue to INR 2,122.87 crore.
/solarbytes/media/media_files/2025/02/07/TUzRanopeJy38LYulryT.jpeg)
Advertisment
/solarbytes/media/agency_attachments/2025/01/13/2025-01-13t112055287z-solarbytes.png)
/solarbytes/media/agency_attachments/2025/01/13/2025-01-13t112030439z-solarbytes.png)