Tata Power Company Limited (TPCL’s) Q3FY22 reported that PAT Consolidation increased by 72% Y-O-Y to RS. 426 crore, below our estimate RS. 790 crore mainly due to the impact on independent income in a steep decline in dividend income (RS. 55 Crore at Q3FY22 versus RS. 700 Crore in Q3FY21) and continued RS. 458 Crore […]