Tata Power posts over 2-folds jump in Q4 net to ₹475 crore
NEW DELHI : Tata Power on Tuesday posted a two-folds jump in its consolidated net profit to ₹475 crore in the January-March quarter compared to the year-ago period.
The company’s consolidated net profit was ₹172 crore in the quarter ended on March 31, 2019, a company statement said.
“PAT was up 177 per cent at ₹475 crore as against ₹172 crore due to gain on sale of Cennergi investment offset by impairment provision in SED & reversal of MAT Credit due to transition to new tax regime in the renewables business,” the company said.
