Tata Power profit increases 22 per cent to Rs 3.18 billion in third quarter of FY21

Tata Power has reported an increase of 22 per cent in its net profits to Rs 3.18 billion in the quarter ended December 2020 from Rs 2.60 billion during quarter ended December 2019. …

The company’s consolidated revenue (including regulatory income/expense) stood at Rs 77.40 billion for the quarter ended December 2020, a decrease of 8 per cent over Rs 71.71 billion recorded in the same quarter of previous year. According to Tata Power, the increase in profit is due to better performance in Mundra, steady operational performance across all businesses and interest cost savings on account of debt reduction


Enter your email address

Share your work e-mail and access a free 3 month digital subscription to Power Line Magazine