Tata Power announces Q3 FY17 Results.
Reports consolidated Profit up by 38% at Rs 599 crore and consolidated operating profit up by 16% at Rs. 1,555 Crore.
February 10, 2017. By Moulin
Tata Power announces Q3 FY17 Results; Reports consolidated Profit up by 38% at Rs 599 crore and consolidated operating profit up by 16% at Rs. 1,555 Crore.
- Q3 consolidated Profit After Tax was up by 38% mainly due to improved performance by key Indian subsidiaries & coal companies coupled with a favourable tax credit.
- Profit from Operations* stood at ₹1,555 crore, up by 16% from Q3 FY16 mainly due to recent solar acquisition, on account of full capacity tie up for MPL and no unfavorable tariff order impact as was in Previous Year Quarter for TPDDL.
- Q3 consolidated revenues# for the quarter stood at ₹6,836 crore as compared to ₹6,764 crore in Q3FY16.
- Q3 standalone profit after tax stood at ₹283 crore.
- Q3 standalone profit from operations* stood at ₹505 crore.
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