Tata Power q3 results 2024 will be released today 9 February 2024 at around 4:30 pm. The company expects growth in net profit and revenue as always. We will share details about the Tata Power Q3 results 2024 results and its comparison with the previous quarter and previous year below. The company performed well in the previous quarter and the previous year with a rise of more than 5% in net profit. Apart from that, the shares are falling after the announcement of quarter results today.
Tata Power Q3 Results 2024: Revenue, Sales Report And Net Profit
Tata Power Q3 2024 results were released just now. The company made a consolidated net profit of Rs. 953 Crore. The company made a rise of 0.8% in the net profits. The revenue also had an upsurge. Tata Power made a revenue from operations of Rs. 14,651 crore for the current quarter while the estimates were around Rs. 15,700 crore.
Tata Power Q3 2023 had an increase in the income. The YoY rise led to a net income of ₹14,129 Crore in the previous year’s same quarter. While there was not much growth in the quarter wise results. The company made a quarterly growth in net income to a mere ₹14,401 Crore from ₹14,181 Crore in the previous quarter. Apart from that, the revenue also increased to ₹13,745 crore. Everyone is curiously awaiting the quarter results. Tata is already a loved brand in India. People trust it more than any other company.
Tata Power Q2 2024 also had an increase in the quarterly and yearly earnings. The expenses and earnings increased simultaneously in the quarter. The company had a profit of ₹1,017 Crore in the quarter. The EPS also increased to 2.93. The yearly basis had a growth while the quarterly basis showed a decrease. We will share more information about the release of Tata Power Q3 2024 shortly.
The company is observing a fall in the share price after the announcement of quarter results. It is commonly seen that the shares tend to fall on the quarter result day. However, the monthly performance of the shares was good. It grew by 15.12%. It saw good growth, especially after 23 Jan.
In the Friday trade session, the shares are falling by 3.72%. Tata Power Company had a current share price of ₹392 per share. It is expected to increase in the coming days. The investors and shareholders are keen on looking up the results. The predictions have been about Tata Power Q3 results 2024. It is expected to be positive. The company will grow in the profit. The market cap of the company is ₹1.25 Lakhs Crore. The 52-week high is ₹412.90 with a 52-week low of ₹182.35. We hope you get enough details about Tata Power Q3 results 2024 above.