Tata Power Q3 net profit marginally declines to Rs 6.11 billion

The company also reported deferred tax to the extent of Rs 2.72 bn on indexation benefit

Private power producer Tata Power on Wednesday reported a net profit of Rs 6.11 billion, witnessing a marginal decline in profit on a year on year basis. Even as expenses for the company rose higher than revenue from operations, the company gained from deferred tax benefits.

For the October-December 2017 quarter, the company reported a net profit of Rs 6.11 billion attributable to the owners of the company, with a one percent decline from Rs 6.19 billion reported in the same quarter a year ago. Total expenses for the quarter under review rose 9% to Rs 71.83 billion, from Rs