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Profits for Tata Power’s Renewables Business Rise 200 Percent in Q2 FY 2017-18

Solar Operating Income Increases by 35% Year-over-Year

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Tata Power reported a strong all-round performance in the first half (H1) of financial year 2017-18 (FY18). The company’s underlying consolidated business earnings before interest, tax, depreciation, and amortization (EBITDA) rose 25 percent against the same period a year earlier. The results included an improvement of 16 percent in the second quarter (Q2) due to the strong operating performance posted by of all businesses.

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