Tata Power reports 34.30% jump in its consolidated Q1 net profit

Tata Power Company has reported unaudited results for the first quarter ended June 30, 2011.

The company’s net profit after tax and appropriation for the quarter ended June 30, 2011 rose by 2.55% at Rs 269.69 crore as compared to Rs 262.98 crore for the corresponding quarter last year. Its total income increased 8.69% at Rs 2168.82 crore for the quarter under review from Rs 1995.44 crore for the same quarter last year.

On consolidated basis, the Group has posted a rise of 34.30% in its net profit after Statutory Appropriations at Rs 418.57 crore as compared to Rs 311.67 crore for the quarter ended June 30, 2010. Its total Income has increased by 16.74% at Rs 5948.84 crore for the quarter under review as compared to Rs 5095.43 crore for the similar quarter of the previous year.