Tata Power on Wednesday posted a 7.5% year-on-year growth in its net profit for the second quarter of the financial year.

What Happened: The electricity generation firm posted a net profit of ₹1,093 crore in the quarter ended September, compared with the ₹1,017.41 crore it earned in the same quarter a year ago. The figure fell short of analyst estimates of ₹1,149 crore.

The Tata Group company’s quarterly revenue came in at ₹15,697 crore, down 0.3% from a topline of ₹15,738.03 crore that it earned in the same period last year. The figure missed analyst estimates of ₹17,522 crore.

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The power major said that its order book in solar EPC (Engineering, Procurement, and Construction) business is valued at ₹15,900 crore. The company has also reached generation capacity of over 15 gigawatts.

Earlier in the month, the energy major and Singapore-based Keppel announced a strategic partnership to launch Cooling-as-a-Service (CaaS) solutions in the country.

Price Action: Ahead of earnings, Tata Power’s share price ended the session up 0.26% at ₹426.50 on Wednesday. The stock has gained nearly 30% so far this year.

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