Tata Power posted a 5 per cent rise in net profit at Rs 282 on a standalone basis for the quarter-ended June 30, against Rs 269 crore for the same period last year.
Revenue was up 3 per cent at Rs 1,921 crore (Rs 1,868 crore). There was a 94 per cent rise in other income at Rs 248 crore (Rs 128 crore), which included a dividend of Rs 201.24 crore received from overseas coal special purpose vehicles.
On a consolidated basis, revenues were up 12 per cent at Rs 5,825 crore (Rs 5,185 crore) while net profit after appropriations rose 34 per cent to Rs 419 crore (Rs 312 crore).
The company had registered a forex gain of Rs 90 crore during the quarter, as against a loss of Rs 150 crore in the same period last year.
Mr Anil Sardana, Managing Director, said: “Our robust financial and operational performance for the quarter is driven by all our business divisions. Our operations continue to be stable and new projects are progressing well. Maithon and Mundra projects are progressing towards commercialisation. Our 1,050-MW Maithon Mega Power Project's unit 1 has also achieved full load on coal.”