Tata Power consolidated Q3 operating profit drops 6.62% year- on-year on higher cost of power purchased
Tata Power Company’s consolidated operating profit for the October-December quarter of 2021 fell 6.62% year- on-year (y-o-y) to Rs 1,633.76 crore as the cost of coal imported for the Mundra ultra mega power project and the power purchased for the distribution business rose substantially impacting the operational profit.
Lower realisations from the sale of power negatively impacted the operating margins as well for the December quarter of 2021 dropping 805 basis points on year to 14.97%.
