Tata Power on Thursday reported a 92% decline in consolidated net profit at Rs. 107.32 crore for the quarter ended March due to an exceptional adjustment in the previous year.
The company’s consolidated net profit stood at Rs. 1,364.33 crore in the quarter ended March 31, 2018, it said in a statement.
However, the company added that the consolidated net profit in the fourth quarter before the exceptional item stood at Rs. 259 crore, an increase of 119% from Rs. 118 crore in the year-ago period.
