Tata Power Company has reported results for fourth quarter and year ended March 31, 2022.
The company has reported net profit of Rs 1,820.47 crore for the quarter under review as compared to net loss of Rs 117.36 crore for the same quarter in the previous year. Total income of the company increased by 45.53% at Rs 5,016.24 crore for Q4FY22 as compared Rs 3,446.90 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 31.41% in its net profit at Rs 632.37 crore for the quarter under review as compared to Rs 481.21 crore for the same quarter in the previous year. Total income of the company increased by 16.85% at Rs 12,219.36 crore for Q4FY22 as compared Rs 10,457.69 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported over 9-fold jump in its net profit at Rs 2,782.93 crore as compared to Rs 293.52 crore for the previous year. However, total income of the company decreased by 2.32% at Rs 14,095.04 crore for year under review as compared to Rs 14,429.67 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 49.84% in its net profit at Rs 2,155.61 crore as compared to Rs 1,438.65 crore for the previous year. Total income of the company increased by 31.96% at Rs 43,735.63 crore for year under review as compared to Rs 33,142.55 crore for year ended March 31, 2021.
