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Tata Power, a Tata Group company, has announced the results of the second quarter of the current financial year. The company said in the exchange filing that its profit has increased from Rs 875.5 crore to Rs 926.5 crore. Talking about the company's earnings on an annual basis, it has come down from Rs 15,738 crore to Rs 15,697.7 crore. According to the exchange filing, the company's EBITDA has increased from Rs 3,091 crore to Rs 3,745 crore. EBITDA margin has increased from 19.6% to 23.9%.
Stock Performance
If we look at the stock performance of Tata Power, it has given negative returns in 1 week, 1 month and 3 months. It has given a return of 29 percent from January till now. The stock has given a return of 79 percent in 1 year and nearly 100 percent in 3 years.
IRB INFRA Q2: Railway infrastructure company IRB Infra has also announced its quarterly results. The company has informed in the exchange filing that its profit has increased from Rs 95.7 crore to Rs 99.8 crore. Talking about earnings, there has been a decline in it. The company's earnings have come down from Rs 174.5 crore to Rs 158.6 crore on an annual basis. The company's EBITDA has come down from Rs 79.5 crore to Rs 76.6 crore and
EBITDA margin has increased from 45.6% to 48.3%.
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