Tata Power Q3 profit rises 12% to Rs 246 crore
New Delhi: Tata Power on Wednesday posted an 11.76 per cent rise in its consolidated net profit to Rs 245.64 crore for the third quarter of 2019-20 compared to the year-ago period mainly due to lower expenses.
The company’s consolidated net profit was Rs 219.79 crore in the quarter ended on December 31, 2018, a BSE filing said.
Total income, however, declined to Rs 7,136.04 crore in the October-December quarter from Rs 7,997.42 crore in the year-ago period.
The increase in profit is mainly due to “lower fuel under recovery in Mundra and better operational performance by all businesses”, the company said.
