Tata Power has reported results for fourth quarter and year ended March 31, 2021.
The company has reported net profit of Rs 157 crore for the quarter under review against net loss of Rs 309.94 crore for the same quarter in the previous year. Total income of the company decreased by 3.44% at Rs 1,786.92 crore for Q4FY21 as compared Rs 1,850.56 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a fall of 2.40% in its net profit attributed to the owners at Rs 392.94 crore for the quarter under review as compared to Rs 402.59 crore for the same quarter in the previous year. However, total income of the company increased by 50.46% at Rs 10,222.48 crore for Q4FY21 as compared Rs 6,793.95 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the company has reported over 6-fold jump in its net profit at Rs 921.45 crore as compared to Rs 148.12 crore for the previous year. However, total income of the company decreased by 10.58% at Rs 7,429.55 crore for year under review as compared to Rs 8,309.01 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the company has reported a rise of 10.81% in its net profit attributed to the owners at Rs 1,127.38 crore as compared to Rs 1017.38 crore for the previous year. Total income of the company increased by 10.80% at Rs 32,907.34 crore for year under review as compared to Rs 29,698.98 crore for year ended March 31, 2020.
