Revenue from operations, meanwhile, fell 1% year-on-year to Rs 15,247 crore.
Consolidated EBITDA during the quarter rose 23% to Rs 3,808 crore on the back of ramped up solar manufacturing, favorable regulatory development in distribution, and operational efficiency across businesses.
“Our Generation, Transmission and Distribution, and Renewable businesses continue to witness sustained growth momentum as India sees record power demand and investment in the new Age of Electricity. All our business segments have performed remarkably well during the quarter leading to 20th consecutive quarterly PAT growth,” said Praveer Sinha, CEO and Managing Director, Tata Power.
The company said it was well on track in terms of the planned capex for the financial year, with Rs 9,100 crore spent during H1 out of Rs 20,000 crore.”Our investments in transmission, renewables, and hydro projects are designed to strengthen India’s energy resilience and security,” the company said.The transmission portfolio now stands at 7,049 Ckm, including 4,633 Ckm commissioned and 2,416 Ckm under construction. The company incurred capex of Rs 5,200 crore in Q2FY25 to tap growth opportunities. H1FY25 capex came in at Rs 9,100 crore against full-year plan of Rs 20,000 crore.On Wednesday, Tata Power shares closed 0.26% higher at Rs 426.5 on the NSE.
