Tata Power has reported strong growth in Q4 profit on the back of robust performance across all its subsidiaries and power plants.
Tata Power’s net profit came in at ₹259 crore, a 119 per cent increase when compared to ₹118 crore in the year-ago period.
Revenues were strong and came in at ₹7,574 crore, an increase of 5.57 per cent when compared to ₹7,174 crore in the year ago period.
However, for the whole year, net profits saw a decline. In fiscal 2019, Tata Power reported consolidated profit after tax before exceptional item of ₹1,109 crore as against ₹1,215 crore in fiscal 2018, largely due to lower profits at coal companies. This was due to coal companies lower Freight On Board (FOB) prices.
