(Reuters) -India’s Tata Power posted a bigger fourth-quarter profit on Wednesday, aided by robust power demand.
The company’s consolidated net profit rose 16.5% to 10.43 billion rupees ($122.2 million) in the quarter, from 8.95 billion rupees in the year-ago period.
Revenue from operations rose 7.9% to 153.91 billion rupees.
The company said its capital expenditure would increase to 250 billion rupees this fiscal year from 160 billion rupees last fiscal.
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KEY CONTEXT
Power demand grew steadily in the January-to-March quarter as rising temperatures increased electricity use.
Demand rose 6% to 237 gigawatts (GW) in January 2025, 7% to 238 GW in February, and 6% to 235 GW in March.
PEER COMPARISON
Valuation Estimates (next 12 Analysts’ sentiment
(next 12 months)
months)
RIC PE EV/EBI Revenue Profit Mean # of Stock to Div
TDA growth (%) growth rating* analyst price yield
(%) s target** (%)
Tata Power — 12.19 11.28 14.92 Hold 21 0.95 0.51
Torrent Power 27.88 12.75 10.57 4.28 Hold 9 1.06 1.26
NTPC 14.37 9.11 8.12 9.02 Buy 17 0.81 2.18
CESC 16.58 8.42 5.55 11.30 Buy 9 0.82 2.74
* The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell
** The ratio of the stock’s last close to analysts’ mean price target; a ratio above 1 means the stock is trading above the PT
JANUARY-MARCH STOCK PERFORMANCE
— All data from LSEG
— $1 = 85.3500 Indian rupee
(Reporting by Yagnoseni Das in Bengaluru; Editing by Savio D’Souza)
