Tata Power reports 26% rise in Q1 consolidated net profit
13th Aug 2020

Tata Power has reported results for the first quarter ended June 30, 2020.

The company has reported a fall of 84.85% in its net profit at Rs 44.93 crore for the quarter under review as compared to Rs 296.51 crore for the same quarter in the previous year. Total income of the company decreased by 37.67% at Rs 1,502.51 crore for Q1FY21 as compared Rs 2,410.63 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 26.33% in its net profit attributed to owners at Rs 206.62 crore for the quarter under review as compared to Rs 163.55 crore for the same quarter in the previous year. However, total income of the company decreased by 16.94% at Rs 6,540.42 crore for Q1FY21 as compared Rs 7,874.64 crore for the corresponding quarter previous year.