Tata Power reports 92% fall in Q4 consolidated net profit
3rd May 2019

Tata Power Company has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a net profit of Rs 53.86 crore for the quarter under review against net loss of Rs 3939.12 crore for the same quarter in the previous year. Total income of the company increased by 7.41% at Rs 2,269.45 crore for Q4FY19 as compared Rs 2,112.80 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 92.13% in its net profit at Rs 107.32 crore for the quarter under review as compared to Rs 1,364.33 crore for the same quarter in the previous year. However, total income of the company increased marginally by 1.87% at Rs 7,416.89 crore for Q4FY19 as compared Rs 7,281.02 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a net profit of Rs 1708.58 crore against net loss of Rs 3150.52 crore for the previous year. Total income of the company decreased marginally by 0.20% at Rs 8,449.18 crore for year under review as compared to Rs 8,465.93 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 6.53% in its net profit at Rs 2,440.41 crore as compared to Rs 2,610.85 crore for the previous year. However, total income of the company increased by 9.83% at Rs 29,954.47 crore for year under review as compared to Rs 27,272.96 crore for year ended March 31, 2018.