Tata Power Company surges as its consolidated net profit rises 7% in Q2FY25
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Tata Power Company is currently trading at Rs. 440.20, up by 13.05 points or 3.06% from its previous closing of Rs. 427.15 on the BSE.
The scrip opened at Rs. 430.05 and has touched a high and low of Rs. 442.60 and Rs. 421.00 respectively. So far 1220334 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 494.85 on 27-Sep-2024 and a 52 week low of Rs. 236.40 on 01-Nov-2023.
Last one week high and low of the scrip stood at Rs. 442.60 and Rs. 414.85 respectively. The current market cap of the company is Rs. 140163.57 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 26.13% and 27.02% respectively.
Tata Power Company has reported over 2-fold jump in its net profit at Rs 1,008.61 crore for the second quarter ended September 30, 2024 (Q2FY25) as compared to Rs 410.26 crore for the same quarter in the previous year. Total income of the company increased by 8.55% at Rs 5,697.59 crore for Q2FY25 as compared to Rs 5,248.73 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 7.44% rise in net profit at Rs 1,093.08 crore for Q2FY25 as compared to Rs 1,017.41 crore for the same quarter in the previous year. Total income of the company increased by 1.13% at Rs 16,210.80 crore for Q2FY25 as compared to Rs 16,029.54 crore for the corresponding quarter previous year.
