Execution key to further gains in Tata Power after Q2
Business Standard|November 01, 2024
Tata Power's Q2FY25 results were above consensus despite challenges like low plant availability at Mundra and Odisha discom operations getting affected by rain.
DEVANGSHU DATTA

A positive development for the power major included module manufacturing hitting nearly 100 per cent capacity utilisation. The board has approved an investment proposal for a 1GW pumped storage project (PSP).

The consolidated operating profit of ₹3,740 crore in Q2FY25, was driven by ramped-up solar manufacturing and operational efficiency. Revenue was at ₹15,690 crore (flat Y-o-Y) for Q2FY25. The adjusted net profit (APAT) was at ₹1,070 crore, a rise of 20 per cent Y-o-Y. In H1FY25, net sales were at ₹32,990 crore, with operating profit at ₹7,330 crore and APAT was at ₹1890 crore, up 7 per cent, 21 per cent and up 11 per cent Y-o-Y, respectively. The H2FY25 is expected to be much stronger with revenues climbing by 40 per cent Y-o-Y, according to some analysts, along with similar gains in operating profit and net profit. Importantly, S&P Global Ratings, ICRA and CARE, have all upgraded ratings, which will lower interest costs.

Denne historien er fra November 01, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra November 01, 2024-utgaven av Business Standard.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BUSINESS STANDARDSe alt
Business Standard

India may become global leader in 5G FWA mkt by 2027

India is expected to become the world's largest 5G fixed wireless access (FWA) market by 2027 with over 30 million subscribers and overtake the US, the current global leader with 15 million subscribers, according to Counterpoint Research.

time-read
1 min  |
November 25, 2024
Crypto or not: Industry to focus on user protection, licensing regime
Business Standard

Crypto or not: Industry to focus on user protection, licensing regime

A consultation paper on the crypto sector is expected to suggest clarity on regulations after WazirX breach, says CoinSwitch co-founder

time-read
2 mins  |
November 25, 2024
Pant, Iyers knock it out of the park
Business Standard

Pant, Iyers knock it out of the park

IPL Mega Auction: Star wicket-keeper most expensive player at ₹27 cr; Shreyas, Venkatesh bag hefty pay cheques

time-read
2 mins  |
November 25, 2024
Eastern states are country's growth engine, says Modi
Business Standard

Eastern states are country's growth engine, says Modi

Prime Minister Narendra Modi asserted on Sunday that his government considers India's eastern region as the country's growth engine, while the area was considered backward earlier.

time-read
1 min  |
November 25, 2024
The other side of financialisation
Business Standard

The other side of financialisation

There's been a dramatic rise in loans against gold in the past one year, but growth in unsecured loans is slowing. Bank loans to the NBFC sector have also dipped

time-read
4 mins  |
November 25, 2024
Demand for super top-up health insurance plans rises after Covid
Business Standard

Demand for super top-up health insurance plans rises after Covid

Demand for super top-up plans in health insurance has increased significantly post the Covid-19 pandemic, owing to a rise in medical costs and increased insurance awareness in the country, industry insiders have said.

time-read
2 mins  |
November 25, 2024
Countdown to Feb 1 begins
Business Standard

Countdown to Feb 1 begins

FY26 Budget will come only six months after the last one, but has all the signs of becoming a hallmark document

time-read
4 mins  |
November 25, 2024
Greening AI for sustainable computing
Business Standard

Greening AI for sustainable computing

Technologies are providing solutions to many business and social problems. However, the solution itself is becoming a problem for climate action.

time-read
3 mins  |
November 25, 2024
Agentic AI: The next frontier
Business Standard

Agentic AI: The next frontier

A new iteration of AI is now taking the world by surprise. Agentic AI can take its own decisions. ARYAMAN GUPTA & SHIVANI SHINDE report

time-read
3 mins  |
November 25, 2024
Visit developer's past projects to evaluate service standards
Business Standard

Visit developer's past projects to evaluate service standards

Renting temporarily can be useful to assess suitability before committing to purchase

time-read
3 mins  |
November 25, 2024