Tata Power dips 6% on profit booking post Q3 results
Shares of Tata Power Company dipped 6 per cent to Rs 367.40 on the BSE in Mondays intraday trade on profit booking after the company reported a flat consolidated profit after tax (PAT) of Rs 1,076 crore for the December quarter (Q3FY24). Tata group’s power producer and distribution company had posted PAT of Rs 1,052 crore in the year-ago quarter (Q3FY23).
However, Tata Power reported its 17th consecutive quarter of PAT growth. Better realisation in the core business segments consisting of Generation, Transmission & Distribution and Renewables, helped the company to grow its Q3FY24 reported PAT.
