 "Coal and renewables help Tata Power double profit in Q1 at Rs 164 cr")
Tata Power on Monday reported a two-fold rise in net profit for the June-ended quarter, with a push from better performance in the coal mining and renewables segment.
Net profit was Rs 163.8 crore, from Rs 72.5 crore in the same period a year before. “Mainly due,” it said, “to strong performance of the Indonesian coal mines, the renewable business and sustained operations at other Indian companies like Maithon Power, Tata Power Solar, Tata Power Delhi Distribution, Powerlinks and others.”
However, it failed to meet Street expectations by a huge margin. In a Bloomberg poll, five analysts had
Net profit was Rs 163.8 crore, from Rs 72.5 crore in the same period a year before. “Mainly due,” it said, “to strong performance of the Indonesian coal mines, the renewable business and sustained operations at other Indian companies like Maithon Power, Tata Power Solar, Tata Power Delhi Distribution, Powerlinks and others.”
However, it failed to meet Street expectations by a huge margin. In a Bloomberg poll, five analysts had
