 "Tata Power Q3 results: Net profit rises 8.2% to Rs 1,031 cr, revenue up 5%")
Tata Power reported a smaller-than-expected increase in third-quarter profit on Tuesday due to a sharp decline in power demand.
The company's consolidated net profit rose 8.2% to Rs 1,031 crore ($118.5 million) in the quarter ended Dec. 31, but missed analysts' expectations of Rs 1,087 crore, as per data compiled by LSEG.
Revenue from operations rose 5.1% to Rs 15,391 crore.
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