Tata Power Company has reported results for first quarter ended June 30, 2014.
The company’s net profit has declined by 28.30% at Rs 255.96 crore as compared to Rs 357.00 crore for the quarter ended June 30, 2013. The company’s total income has decreased by 8.52% to Rs 2549.77 crore for the quarter under review from Rs 2787.39 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported a net loss after taxes & Minority interest of Rs 111.30 crore for the quarter as compared to a net loss of Rs 114.70 crore for the same quarter in the previous year. Its total income has decreased by 4.35% at Rs 8714.94 crore for quarter under review as compared to Rs 9111.57 crore for the quarter ended June 30, 2013.
