Tata Power Q3: Net profit rises 22% to ₹318 cr
Tata Power on Thursday reported a 22% rise in its net profit in the quarter ended 31 December, 2020 at ₹318 crore as compared to ₹260 crore reported in the same quarter last year.
The electric utility company’s revenue increased 7.5% to ₹7,598 crore and its earnings before interest, tax, depreciation and amortisation (EBITDA) for the third quarter was ₹1,750 crore which fell 3.1% as compared to the previous year, the company said in a regulatory filing.
The company in its financial statement said that India and other global markets experienced significant disruption in operations resulting from uncertainty caused by the worldwide coronavirus pandemic.
