Rs 13,556 Crore Order Book: TATA-Group Solar & EV Company Reports Stellar Results; PAT Jumps 23 Per Cent in Q3FY25
The stock gave multibagger returns of 535 per cent in 5 years.
Tata Power Company Ltd, a leading integrated power company under India's largest conglomerate Tata Group, boasts a diverse portfolio of 14,707 MW spanning the entire power spectrum. This includes the generation of both renewable and conventional energy, along with transmission, distribution, trading, storage solutions and even solar cell and module manufacturing. As champions for clean energy, they've committed to achieving carbon neutrality before 2045. Beyond generation, Tata Power has established India's most comprehensive clean energy platform, offering rooftop solar solutions, microgrids, storage solutions, EV charging stations and home automation systems.
According to Quarterly Results, the net sales increased by 5 per cent to Rs 15,391.06 crore and net profit increased by 23 per cent to Rs 1,001.36 crore in Q3FY25 compared to Q3FY24. In its nine-month results, the net sales increased by 6 per cent to Rs 48,383 crore and net profit increased by 15 per cent to Rs 2,758 crore in 9MFY25 compared to 9MFY24. Looking at its annual results, the net sales increased by 12 per cent to Rs 61,449 crore and net profit increased by 408 per cent to Rs 3,103 crore in FY24 compared to FY23.
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Recently, Tata Power Renewable Energy Limited (TPREL) and Rajasthan's Discoms have partnered to boost renewable energy adoption in the state, focusing on rooftop solar through the Pradhan Mantri Surya Ghar: Muft Bijali Yogna (PMSG: MBY). The MoU establishes joint awareness campaigns targeting residential customers in major cities, along with exclusive pricing and vendor training to streamline solar installations. This collaboration between TPREL and the Discoms aims to empower residents to embrace clean energy, furthering Rajasthan's sustainable energy goals.
With a robust order book of Rs 13,556 crore as of December 31, 2024, Tata Power is poised for an electrifying future. The company has a market cap of over Rs 1 lakh crore. The stock gave multibagger returns of 535 per cent in 5 years. Investors should keep an eye on this mid-cap power stock.
Disclaimer: The article is for informational purposes only and not investment advice.