Shares of Tata Power today surged 4.5 per cent after the company reported more than four-folds increase in consolidated profit after tax for the quarter ended on June 30.
The stock soared 4.50 per cent to close at Rs 70.85 on the BSE. Intra-day, it jumped 6.78 per cent to Rs 72.40.
On the NSE, shares of the company climbed 4.49 per cent to end at Rs 70.85.
In terms of equity volume, 12.06 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.
Tata Power today reported more than four-fold increase in consolidated profit after tax at Rs 1,735 crore for the quarter ended on June 30, 2018, on the back of exceptional gain from the sale of investments.
The company had posted a consolidated profit of Rs 405.8 crore in the year-ago quarter, according to a regulatory filing.
The consolidated income of the company in the April-June quarter this year increased to Rs 7,403.18 crore from Rs 6,559.4 crore in the year-ago period.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app