Tata Power Company has reported results for third quarter ended December 31, 2016.
The company has reported 3.81% fall in its net profit at Rs 282.62 crore for the quarter under review as compared to Rs 293.81 crore for the same quarter in the previous year. Total income of the company decreased by 18.91% at Rs 1904.52 crore for the quarter under review as compared Rs 2348.72 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 38.30% rise in its net profit after tax, minority interest and share of profit of associates and joint ventures at Rs 599.20 crore for the quarter ended December 31, 2016, as compared to Rs 433.25 crore for the same quarter in the previous year. However, total income of the company decreased by 9.83% at Rs 6604.59 crore for the quarter under review as compared Rs 7324.25 crore for the corresponding quarter previous year.
