Tata Power shares rise 2% after Q4 net profit jumps 25% YoY
Tata Power share price rose following a robust Q4FY25 performance, marked by a 25% YoY increase in net profit to Rs 1,306 crore and an 8% rise in revenue to Rs 17,096 crore. The company proposed a final dividend of Rs 2.25 per share and plans a substantial Rs 25,000 crore capex for FY26, with interest in Uttar Pradesh discoms.
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Shares of Tata Power Company rose 2% to hit the day's high of Rs 404.55 on the BSE on Thursday after the company reported a 25% year-on-year (YoY) increase in consolidated net profit, reaching Rs 1,306 crore in Q4FY25, compared to Rs 1,046 crore in the same quarter last year.Revenue from operations for the March quarter rose by 8% to Rs 17,096 crore, up from Rs 15,847 crore in the corresponding period of the previous fiscal year.The board has proposed a final dividend of Rs 2.25 per equity share for the financial year ending March 31, 2025. This dividend is subject to shareholder approval at the Annual General Meeting (AGM) scheduled for July 4, 2025.The company has set Friday, June 20, 2025, as the record date for determining eligible shareholders. Tata Power plans to allocate Rs 25,000 crore for capital expenditure (capex) in FY26 and is also interested in bidding for two discoms in Uttar Pradesh, CEO Praveer Sinha revealed while outlining the company's plans for the upcoming fiscal year.Regarding its nuclear project ambitions, Sinha mentioned that Tata Power is awaiting legal changes and will proceed once the necessary regulations are in place. The CEO shared these insights during a post-earnings call on Wednesday.Shares of the company dropped 8% in the last one year. Meanwhile, the stock has offered 78% and 1,185% in the last three and five years, respectively. Tata Power Company has worse 1-year returns than Sensex, Nifty50, Industry, and Sector.
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Time of India
13 minutes ago
- Time of India
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The LOC represents a continuation of the tradition of assistance to the development needs of the Maldives and we expect that several infrastructure projects will be carried out as a result of this LOC agreement benefiting the lives of citizens here in the Maldives."He elaborated on financial restructuring aimed at easing the Maldives' economic burden. "Together with this, the two sides also signed an amendatory agreement that amended the existing dollar line of credit between India and the Maldives. I would like to in particular point to the fact that with the signature of this amendatory agreement, the annual debt repayment obligations of the Maldives will reduce by a sharp 40% from nearly US$51 million annually to about US$29 million."Misri further outlined the range of MOUs signed, covering diverse sectors. 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Time of India
13 minutes ago
- Time of India
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Business Standard
13 minutes ago
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