Power producer and distributor Tata Power on Friday reported a flat net profit of Rs 953 crore for the December quarter (Q3FY24).
In the quarter under review, it reported a 0.8 per cent rise in its consolidated net profit compared to a year ago. The net sales for the company in the same period also registered a modest growth of 3.7 per cent to Rs 14,651 crore from a year ago.
In a Bloomberg poll, six analysts estimated an adjusted net income of Rs 895 crore and nine analysts estimated a revenue of Rs 15,636 crore. The company missed Street expectations for revenue generation.
