Tata Power Company has reported results for second quarter ended September 30, 2016.
The company has reported 25.60% rise in its net profit at Rs 447.34 crore for the quarter under review as compared to Rs 356.16 crore for the same quarter in the previous year. However, total income of the company decreased by 12.87% at Rs 2200.36 crore for the quarter under review as compared Rs 2525.50 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a net profit after tax, minority interest and share of profit of associates and joint ventures at Rs 336.24 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 95.87 crore for the same quarter in the previous year. However, total income of the company has decreased by 3.50% to Rs 7311.82 crore for quarter under review from Rs 7577.49 crore for the quarter ended September 30, 2015.
