Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.