Q2 Result: Tata Power’s net profit rises 10% to Rs 371 crore

Thanks to stable performance across businesses, Tata Power reported a 10% rise in consolidated net profit at ₹371 crore for the quarter ended September 2020. On a consolidated basis, the company’s Q2 FY21 revenue was up by 15% at Rs 8,413 crore. The increase in revenue was primarily owing to acquisition of TP Central Odisha Distribution Ltd and relatively improved solar EPC (engineering, procurement and construction) earnings.