Tata Power has reported results for the fourth quarter and year ended March 31, 2016.
The company has posted a fall of 75.76% in its net profit at Rs 51.72 crore for the quarter ended March 31, 2016 as compared to Rs 213.37 crore for the same quarter in the previous year. Total income of the company has decreased by 2.36% at Rs 2157.14 crore for quarter under review as compared to Rs 2209.21 crore for the quarter ended March 31, 2015.
On the consolidated basis, the company has posted a jump of over two fold in its net profit after taxes, minority interest and share of profit of associates at Rs 360.25 crore for the quarter ended March 31, 2016 as compared to Rs 159.14 crore for the corresponding quarter in the FY15. Total income of the company rose 18.40% at Rs 9348.20 crore for quarter under review as compared to Rs 7895.15 crore for the same quarter ended previous year.
For the year ended March 31, 2016, the company has posted a fall of 23.62% in its net profit at Rs 771.62 crore as compared to Rs 1010.29 crore for the same period in the previous year. However, total income of company increased 0.98% at Rs 9317.09 crore for year under review as compared to Rs 9226.55 crore for the period ended March 31, 2015.
For the year ended March 31, 2016, on the consolidated basis, the company has posted jump of over five fold in its net profit after taxes, minority interest and share of profit of associates at Rs 873.35 crore as compared to Rs 167.83 crore for the same period in the previous year. Total income of company has increased by 10% at Rs 37559.16 crore for year under review as compared to Rs 34144.31 crore for the period ended March 31, 2015.
