Tata Power Q3 net down 41% to Rs 263 cr

Tata Power Company Ltd has posted a 40.6% decline in consolidated net profit for the quarter ended December 31, 2011 at Rs 262.67 crore, compared with Rs 442.37 crore in the corresponding quarter a year ago.

The firm's total income rose 57.45% to Rs 7,115.60 crore for the quarter under review, compared with Rs 4,519.18 crore achieved a year ago.

On a standalone basis, the company's net profit for the reporting quarter stood at Rs 422.88 crore, up almost three fold  from Rs 154.07 crore a year ago. The firms total income was up 53.26%, from Rs 1,737.12 crore in December 2010 to Rs 2,662.34 crore in 2011.

 

Shares of Tata Power had closed 0.67% down at Rs 110.85 on the Bombay Stock Exchange on Friday.