Business

Tata Power’s Q3 FY25 Profit After Tax Increases by 8% to ₹1,031 Crore

Published

1 year ago

February 5, 2025

Tata Power announced a consolidated net profit of Rs 1,031 crore for Q3FY25, as revealed in a press release on Tuesday. This figure represents an 8% increase from the Rs 953 crore reported in the same quarter last year. The company’s revenue from operations in Q3FY25 reached Rs 15,391 crore, marking a 5% rise from Rs 14,651 crore in the previous year’s corresponding quarter.

The reported expenses for the quarter were Rs 14,249 crore, slightly lower than the Rs 14,254 crore incurred during the same period last year.

Tata Power’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 7% to Rs 3,481 crore, driven by improvements in operational efficiency and contributions from various business segments.

Over the nine-month period of FY25, the company recorded revenues of Rs 47,174 crore and a profit after tax of Rs 3,909 crore. Notably, the EBITDA reached an all-time high of Rs 10,639 crore during this nine-month span.

Praveer Sinha, Tata Power’s CEO and Managing Director, highlighted the company’s consistent PAT growth over the last 21 quarters, attributing it to contributions from all business units. “We have established ourselves as a leader in clean energy, actively participating in the entire value chain from manufacturing to EPC and renewable project development, as well as retail supply through group captives. As an integrated power company, we provide a comprehensive suite of energy services spanning generation, transmission, and distribution to ensure affordable power for everyone,” Sinha stated.

He also mentioned, “With the government seeking active collaborations with private sector entities and the recent amendments to the Nuclear Power Act to expand nuclear energy capacity, we are poised to explore opportunities for establishing small modular nuclear reactors.”

Business

Tomato Prices Crash from Rs.1200 to Rs.80, Farmers in Distress

Published

3 weeks ago

March 25, 2026

Namma Kudla

Business: Tomato prices in Vijayanagara district have dropped sharply, causing heavy losses to farmers and traders. A box of tomatoes that was earlier sold for Rs.1000 to Rs.1200 is now being sold for just Rs.80 to Rs.100.

Due to the sudden fall in prices, farmers are struggling to recover their investment. Many had taken loans to grow the crop and are now facing financial difficulties.

In local markets, traders are selling tomatoes at very low rates. Around 2 to 4 kilograms of tomatoes are being sold for just Rs.20.

The price crash has been linked to multiple reasons. Export of tomatoes to other countries has reduced due to the Iran–Israel conflict. In addition, many hotels are not operating properly due to a shortage of cooking gas cylinders. This has reduced demand for tomatoes.

As a result, both farmers and sellers are facing serious losses, and the situation has become very difficult for them.

Business

Gold Prices Rise in Mangaluru; 24K Gold at Rs.13,564 per Gram

Published

3 weeks ago

March 24, 2026

Namma Kudla

Mangaluru: Gold prices in the coastal city of Mangaluru have been updated today, reflecting the latest market trends.

The price of 24 karat gold (99.9% purity) stands at Rs.13,564 per gram. Meanwhile, 22 karat gold (91.6% purity) is priced at Rs.12,434 per gram. The rate for 18 karat gold (75% purity) is Rs.10,173 per gram.

Mangaluru, known for its rich coastal culture and love for seafood, also has a deep connection with gold. The demand for gold ornaments in the city remains strong, especially during weddings and festivals.

The gold trade in Mangaluru has a long history and continues to play an important role in the local economy. Many families prefer investing in gold due to its cultural and financial value.

Buyers are advised to check the latest rates before making any purchase, as gold prices may change daily based on market conditions.

For those planning to buy gold, using a Gold Rate Calculator can help in getting accurate pricing based on weight and purity.

Business

Good News for Milk Producers in Chikkaballapur – 50 Paise Increase per Litre

Published

1 month ago

March 8, 2026

Namma Kudla

Chikkaballapur: The Chikkaballapur Milk Union (Chimul) has announced good news for milk producers in Chikkaballapur district. The union has decided to increase the milk procurement price by 50 paise per litre, which will benefit dairy farmers in the district.

Earlier, on January 1, Chimul had increased the price by Rs.1 per litre as a New Year benefit to farmers. Now, the union has announced an additional 50 paise increase.

With this latest revision, dairy farmers will receive Rs.36.40 per litre for milk. The 50 paise increase will remain in effect until the end of May.

Chimul President Manjunath Reddy told Public TV that the union will review its profits and may continue the price increase in the future based on financial performance.

The decision is expected to provide some relief and encouragement to dairy farmers in Chikkaballapur district.