New Delhi: Tata PowerNSE 4.78 % on Tuesday posted a two-folds jump in its consolidated net profit to Rs 475 crore in the January-March quarter compared to the year-ago period.
The company’s consolidated net profit was Rs 172 crore in the quarter ended on March 31, 2019, a company statement said.
“PAT was up 177 per cent at Rs 475 crore as against Rs 172 crore due to gain on sale of Cennergi investment offset by impairment provision in SED & reversal of MAT Credit due to transition to new tax regime in the renewables business,” the company said.
