Tata Power Q2 net profit at Rs. 234 crore

 

 

Tata Power, India’s largest integrated power company,announced its results for the quarter ended 30th September 2017, reporting a 18% increase in consolidated profit (before one off impacts of Rs.152 crore) for H1 FY18.

Consolidated PAT stood at Rs.386 crore (before one of impacts of Rs.152 crore) as compared to Rs.427 crore in Q2 FY17 which includes Rs.52 crore PAT of PTMP in Q2 FY17.

On a consolidated basis, Tata Power Group’s Q2 FY18 Revenue* stood at Rs.7,393 crore as compared to Rs.7,285 crore last year.

Anil Sardana, CEO & Managing Director, Tata Power said, “During the quarter, the Company reported robust operational efficiency and performance inspite of a difficult business environment. Our renewable business continues to perform well and have reported robust results. With agross installed generation capacity of 10,501 MW and more than 2.6 million customers, we continue to be India’s largest integrated power player. Having said that, we have maintained our commitment to providing our customers with the latest technology by introducing the QRCode service for bill payments, first power utility to set up electric vehicle charging stations in Mumbai and Delhi. We are confident that our strong growth trajectory will continue into the next quarter.”

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com