Press Release8 May 2024, 10:10 pm
Tata Power Reports Highest Ever PAT of ₹4,280 Crore and Revenue of ₹61,542 Crore for FY24
AI Summary
Tata Power, one of India's largest integrated power companies, announced its financial results for the quarter and financial year ended March 31, 2024. The company reported its highest-ever Profit After Tax (PAT) of ₹4,280 crore and recorded a revenue of ₹61,542 crore. Tata Power has reported PAT growth for the eighteenth consecutive quarter, with a growth of 18% in Q4FY24 to ₹1,109 crore. CRISIL has upgraded the company's Long-Term rating based on these strong financial results.
Key Highlights
- Tata Power reported its highest-ever PAT of ₹4,280 crore for FY24
- Company saw consistent PAT growth, with a growth of 18% in Q4FY24 to ₹1,109 crore
- FY24 revenue came in at an all-time high of ₹61,542 crore
- CRISIL has upgraded the company's Long-Term rating based on strong financial performance
- Tata Power's renewables portfolio stands over 10 GW