Tata Power reports strong Q4 performance
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.
