Tata Power Q3 Results Preview: Net profit likely to more than double to Rs 877 crore

Tata Power is likely to report a net profit of Rs 876.9 crore for the quarter ended December 2022, as against a net profit of Rs 426 crore for the corresponding period a year ago, according to Zee Business research. The power generation firm will report its financial results on February 3.

Tata Power will report its financial results for the October-December period on February 3.

Tata Power — a Tata group power generation firm — is likely to report a 105.8 per cent increase in profit sequentially to Rs 876.9 crore for the quarter that ended December 2022, according to Zee Business research. The company's earnings are expected to be driven by a strong performance of its coal and solar businesses.

The company will report its quarterly financial results on Friday, February 3.

Its revenue is estimated to grow 28 per cent on a year-on-year basis to Rs 13,972.5 crore for the October-December period, according to the research.

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The company's earnings before interest, taxes, depreciation and ammortisation (EBITDA) are pegged at Rs 1,851.6 crore, up 13.3 per cent compared with the year-ago period.

Tata Power's margin — a key measure of profitability for businesses — is estimated at 13.3 per cent for the quarter ended December 2022, as against 14.97 per cent a year ago, according to Zee Business research.

Tata Power shares lost around four per cent of their value in the last quarter of 2022, a period in which headline indices Sensex and Nifty50 rose 5.9 per cent each.

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