Tata Power Q1 result: Consolidated PAT up 10% to ₹268 crore
MUMBAI : Tata Power said on Wednesday its consolidated profit after tax moved up by 10% at ₹268 crore in the first quarter of current fiscal as compared to ₹243 crore in Q1 FY20.
The company maintained stable performance despite lower profits from solar engineering, procurement and construction (EPC) businesses mainly on account of lower financing cost and stable performance across clusters.
The revenue dipped to ₹6,671 crore in Q1 FY21 as compared to ₹7,567 crore in Q1 FY20 due to lower power demand, delay in solar EPC businesses on account of Covid-19 and lower coal freight-on-board (FOB) prices.
