In a separate filing on January 23, Tata Power also stated that it will have an analyst call on February 4 at 6 p.m. to field inquiries from the public and investors.
This week, Tata Power, the power generation division of the Tata Group, is scheduled to release its December 2024 quarter results. The most prominent vertically integrated power firm in India is Tata Power.
The company’s 14,707 MW diverse portfolio spans the whole power value chain, from conventional and renewable energy generation to transmission, distribution, trading, storage solutions, and solar cell and module manufacture. The market value of the firm is approximately Rs 1.17 lakh billion.
Tata Power Q3 Results:
In a January 13 stock market filing, Tata Power stated it will make its Q3 results public on Tuesday, February 4.
The company said that on Tuesday, February 4, 2025, the Board of Directors will meet to discuss, among other things, the following: i. the Audited Financial Results (Standalone) and ii—the Unaudited Consolidated Financial Results of the Company for the months ended December 31, 2024.
In a separate filing on January 23, Tata Power also stated that it will have an analyst call on February 4 at 6 p.m. to field inquiries from the public and investors.
The analyst call to discuss the Q3FY25 results will occur on Tuesday, February 4, 2025, starting at 6:00 p.m. (IST). “All investors and the general public are in ‘Over Call’ mode,” it stated.
Over the last five trading days, Tata Power’s shares have increased by more than 1%, while in the previous month, they have decreased by more than 10%. In six months, the stock has plummeted by about 20%. Tata Power’s share price has decreased by 10% during the last 12 months.
At 9:40 a.m. on Monday, Tata Power’s stock was down 3.84% at Rs 354.25 a share on the NSE, while the benchmark Nifty 50 was down 0.76%.
Tata Power’s reported net profit for the second quarter was Rs 1,093 crore, up 7% year over year from Rs 1,017 crore during the same time last year. Compared to Rs 15,442 crore in Q1 of last year, the company’s sales fell 1% YoY to Rs 15,247 crore in Q2. EBITDA increased from Rs 3,087 crore in the second quarter of the previous fiscal year to Rs 3,808 crore, a 23% YoY increase.
