Tata Power Q2 profit jumps 32% to ₹1,652 crore
4 Articles
4 Articles
Tata Power shares in focus after Q2 results. Why brokerages are bullish despite target price cuts
Tata Power achieved a 33% year-on-year increase in net profit for the second quarter of FY27. Revenue also rose by 26% year-on-year to ₹19,886 crore during this period. Brokerages maintained their 'Buy' ratings while adjusting their target prices based on the latest performance figures. The company's EBITDA saw a modest growth of 5% year-on-year to ₹4,245 crore. Overall, Tata Power's market capitalisation exceeds ₹1.
Tata Power Reports Record Quarterly PAT of INR 1,652 Crore, Up 33% In Q2 FY27
Tata Power reported record Q2 FY27 PAT of ₹1,652 crore, up 33 per cent year-on-year, while revenue rose 26 per cent to ₹19,886 crore. H1 PAT reached ₹3,053 crore, supported by nearly ₹10,000 crore in investments, renewable capacity additions, solar manufacturing, rooftop installations, improved distribution efficiency, and progress on storage and EV infrastructure.
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