Companies

Tata Power posts ₹159-crore Q4 profit

Our Bureau Mumbai | Updated on January 23, 2018 Published on May 19, 2015




Tata Power has reported a turnaround performance, logging a consolidated net profit of ₹159 crore for the quarter ended March 31, 2015, compared to a loss of ₹145 crore in the year-ago quarter.

The profitability is due to lower depreciation and drop in coal prices.

For the reporting quarter, the net revenue was at ₹8,167 crore (₹8,862 crore in the year-ago quarter).

The other operating income increased to ₹72 crore from ₹39 crore in the year-ago quarter. The company also benefited from operational efficiencies of coal mines as well as forex gains on VAT related settlement, a statement issued by the company said.

Tata Power stock closed almost flat at ₹75.85 per share on the BSE.

Published on May 19, 2015
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