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Our Bureau

Mumbai, Oct. 30

Tata Power Company Ltd, riding on higher operating profits, has registered 27.23 per cent growth in net profit for the second quarter at Rs 257.43 crore, up from Rs 202.32 crore achieved in the year ago quarter.

The operating profit has increased by 22.52 per cent at Rs 401.75 crore (Rs 327.88).

The net sales for the quarter have increased by 12.46 per cent at Rs 1,350.56 crore (Rs 1,200.83 crore). For the quarter the interest component was Rs 41.40 crore, a mere Rs 2.61 crore increase over the previous quarter.

Sales volume rose by 7.5 per cent at 3,811 million units (MUs) (3,545 MUs).

The revenues from licence area were up 15.91 per cent to Rs 1,172.00 crore (Rs 1,011.12 crore). The company’s shares closed at Rs 1,197.95, up 1.29 per cent over previous closing of Rs 1,182.65.

More Stories on : Power | Tata Power Co. Ltd

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