Tata Power falls 5% despite a 90% YoY jump in Q1 profit
Shares of Tata Power NSE 1.24 % plunged 5 per cent in Wednesday’s trade even as the company posted a nearly 90 per cent rise in its consolidated net profit to Rs 883.54 for the June quarter.
The company had registered a net profit of Rs 465.59 crore in the corresponding period last fiscal, said Tata Power in a BSE filing.
Total revenue from operations increased to Rs 14,638.78 crore for the quarter ended June 2022 as against Rs 10,310.21 crore in June 2021, up by 42 per cent year-on-year (YoY).
