- Tata Power‘s net income for Q1 was 10.6 billion rupees, a 9.2% increase compared to the previous year.
- The net income exceeded estimates, which were projected at 10.22 billion rupees.
- The company’s revenue reached 180.4 billion rupees, marking a 4.3% rise year-over-year.
- This revenue figure surpassed estimates of 178.66 billion rupees.
- Total costs for the period were 163.4 billion rupees, reflecting a 3% increase from the prior year.
- Other income significantly jumped to 3.62 billion rupees, a 47% rise from the previous year.
- Despite positive financial results, Tata Power shares declined by 2.1% to 389.30 rupees with a trading volume of 6.24 million shares.
- Market sentiment shows 12 buys, 4 holds, and 7 sells for Tata Power shares.
A look at Tata Power Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Tata Power‘s long-term outlook appears positive based on its overall scores. With a Growth score of 4 and a Momentum score of 4, the company seems well-positioned for future expansion and performance in the market. Additionally, its Value score of 3 indicates that the company is reasonably priced, offering potential for investors looking for a solid investment. Moreover, Tata Power‘s Resilience score of 3 suggests that the company has the ability to weather challenges and maintain stability over the long term.
Tata Power Company Limited, known for generating and supplying electricity in Mumbai and its suburbs, has also made strides in constructing and operating power plants, along with providing services related to electricity distribution. With a focus on growth and a solid momentum, Tata Power‘s diversified operations, including ventures into the telecommunications market, showcase promise for the company’s future prospects in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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