Quarter Results

Tata Power profit zooms 74% to Rs 465 cr in April-June quarter

On course to develop round-the-clock renewable power: Tata Power CEO & MD – EQ Mag

August 10, 2023 Anand Gupta

The company’s consolidated revenue for Q1FY24 was Rs 15,003 crore, reflecting a minimal increase of 2 per cent Tata Power reported a 29 per cent increase in its profit for the first quarter of financial year 2023-2024 (Q1FY24), marking the 15th consecutive quarter of profit for the company. The consolidated profit for Q1FY24 stood at […]

Quarter Results

Tata Power to share Q1 results today; profit may drop up to 20% as coal biz weighs – EQ Mag

August 9, 2023 Anand Gupta

Tata Power: Lower profitability from coal business may partially be offset by a sequential improvement in performance of Mundra UMPP given implementation of Section 11 of Electricity Act from April 2023 Tata Power is likely to report a 17-20 per cent year-on-year (YoY) drop in profit on a flattish sales in the June quarter. The […]

Quarter Results

IndiGo reports Rs 3,090.6 crore profit in June quarter – EQ Mag

August 3, 2023 Anand Gupta

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It is the highest ever quarterly profit and “reflects strong operational performance, execution of our strategy and favourable market conditions,” the airline said in a release. InterGlobe Aviation, the parent of the country’s largest airline IndiGo, on Wednesday reported a profit after tax of Rs 3,090.6 crore in the June quarter. It is the highest […]

Adani expands his green plan, eyes foray into EVs

Quarter Results

Adani Green Energy net profit rises 51 pc to Rs 323 cr in Jun qtr – EQ Mag

August 1, 2023 Anand Gupta

Adani Green Energy said its revenue from operations jumped 55.04 per cent YoY to Rs 2,059 crore from Rs 1,328 crore in the same quarter last year. Adani Green Energy Ltd on Monday said its consolidated profit grew 50.93 per cent year-on-year (YoY) to Rs 323 crore in the June quarter compared with Rs 214 […]

GAIL will invest to build 1GW renewable energy, expand the business beyond natural gas

Quarter Results

GAIL India misses Q1 profit view as natural gas marketing drags – EQ Mag

August 1, 2023 Anand Gupta

GAIL (India) Ltd, the country’s largest gas distributor, reported a lower-than-expected quarterly profit on Monday hurt by weak performance at its core natural gas marketing segment. The company’s standalone profit after tax fell to 14.12 billion rupees ($171.67 million) in the quarter ended June 30, from 29.15 billion rupees a year earlier. Analysts, on average, […]

Quarter Results

Inox Wind Q1 Results: Consolidated revenue rises 65% YoY to ₹352.3 crore, turns EBITDA positive – EQ Mag

July 31, 2023 Anand Gupta

Inox Wind released their April to June quarter results on Saturday and recorded a jump of 65% year-on-year in their net consolidated revenue which jumped to ₹352.3 crore during Q1FY24 from ₹213 crore during the corresponding quarter last fiscal. The company turned EBITDA positive during the quarter and reported consolidated EBITDA of ₹34.8 crore during […]

NTPC Ltd. pays Interim Dividend of Rs. 4,121.08 crore for FY 2022-23

Quarter Results

Power giant NTPC’s first quarter profit rises 23 per cent to Rs 4,907 crore – EQ Mag

July 31, 2023 Anand Gupta

Total revenue from operations dipped slightly to Rs 43,390.02 crore from Rs 43,560.72 crore in the same period a year ago. State-owned power giant NTPC on Saturday posted over 23 per cent rise in consolidated net profit at Rs 4,907.13 crore for June quarter 2023-24. In the year-ago period, net profit was Rs 3,977.77 crore, […]

Brazil – TotalEnergies Partners With Casa dos Ventos to Jointly Develop a 12 GW Renewable Energy Portfolio

Quarter Results

NextEra, a leading renewable energy company, has reported a significant jump in net income of 102% year-over-year in the second quarter – EQ Mag

July 27, 2023 Anand Gupta

Florida-headquartered NextEra Energy has recorded a net income of US$2,795 million in Q2 2023 as both its renewables development and utility generation arms posted strong results. NextEra Energy Resources posted US$1,462 million in net income in the 3 months from March this year, with adjusted earnings of US$781 million. The company expanded its renewables and […]

Quarter Results

Servotech Power Systems Q1 net profit grows manifold to Rs 4.10 cr – EQ Mag

July 22, 2023 Anand Gupta

Servotech Power Systems on Friday posted a manifold jump in its consolidated net profit to Rs 4.10 crore in the June quarter, boosted by higher revenues. It had posted a net profit of Rs 35 lakh in the corresponding period last year, the company said in a BSE filing. The company’s total revenue more than […]

Monthly meeting in virtual mode with original equipment manufacturers of wind turbine generators availing concessional customs duty benefits

Quarter Results

India Witnesses Impressive 165% Surge in Wind Power Capacity in Q2 2023 – EQ Mag

July 18, 2023 Anand Gupta

In the second quarter [Q2] of the calendar year 2023, India added 1,139.5 MW of wind generating capacity, a 165% year-over-year gain. The 107 MW project by Apraava Energy in Gujarat, the 103 MW project by JSW Energy in Tamil Nadu, the 62 MW project by Adani Green Energy, and the 55 MW project by […]