Tata Power's Q3 net profit drops 3.8% to Rs 283 crore
ETMarkets.com|
Updated: Feb 10, 2017, 03.13 PM IST
NEW DELHI: Tata Power on Friday reported a 3.80 per cent drop in standalone net profit at Rs 282.62 crore for the December quarter.
The power company had reported a profit of Rs 293.81 crore in the corresponding quarter last year.
Net revenue for the quarter stood at Rs 1,277.40 crore, compared with Rs 1,769.05 crore in the same quarter last year. The company reported other operating income of Rs 456 crore for the December quarter, compared with Rs 472.87 crore in the year-ago quarter.
EPS for the quarter at 0.94 paise was lower than Rs 1.55 per share in September quarter and 0.98 paise in the year-ago quarter.
The power company had reported a profit of Rs 293.81 crore in the corresponding quarter last year.
Net revenue for the quarter stood at Rs 1,277.40 crore, compared with Rs 1,769.05 crore in the same quarter last year. The company reported other operating income of Rs 456 crore for the December quarter, compared with Rs 472.87 crore in the year-ago quarter.
EPS for the quarter at 0.94 paise was lower than Rs 1.55 per share in September quarter and 0.98 paise in the year-ago quarter.