Tata Power has reported results for first quarter ended June 30, 2016.
The company has registered 55.98% fall in its net profit at Rs 146.91 crore for the quarter as compared to Rs 333.77 crore for the same quarter in the previous year. Total income of the company decreased by 20.15% at Rs 1981.36 crore for quarter under review as compared to Rs 2481.23 crore for the quarter ended June 30, 2015.
On the consolidated basis, the company has reported 76.09% fall in its net profit after taxes, minority interest and share of profit of associates at Rs 72.49 crore for the quarter ended June 30, 2016 as compared to Rs 303.14 crore for the same quarter in the previous year. However, total Income of the company decreased by 6.42% to Rs 6790.58 crore for quarter under review from Rs 7256.39 crore for the quarter ended June 30, 2015.
