Tata Power Q3: Profit Flat, Beats Estimates; Revenue Dips Over 9%

• Tata Power's Q3 net profit remained flat year-on-year at ₹1,194 crore, a 0.6% increase from ₹1,187 crore, significantly exceeding the CNBC-TV18 poll estimate of ₹971 crore.
• Revenue declined by 9.4% year-on-year to ₹13,948 crore, falling short of the ₹16,041 crore estimate.
• EBITDA decreased by 9% to ₹3,055 crore, lower than the estimated ₹3,345 crore.
• Despite revenue decline, expenses also decreased, helping maintain flat profit.
• EBITDA margin slightly improved from 21.8% to 21.9%, aligning with estimates.