{"id":221302,"date":"2019-01-28T11:45:29","date_gmt":"2019-01-28T11:45:29","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=221302"},"modified":"2019-01-28T11:45:29","modified_gmt":"2019-01-28T11:45:29","slug":"tata-powers-quarterly-profit-plunges-nearly-79-dents-by-higher-expenses","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-powers-quarterly-profit-plunges-nearly-79-dents-by-higher-expenses\/","title":{"rendered":"Tata Power&#8217;s quarterly profit plunges nearly 79%; dents by higher expenses"},"content":{"rendered":"<p>India&#8217;s Tata Power Co Ltd&#8217;s quarterly profit plunged nearly 79 per cent, well below market expectations, dented by higher expenses.<\/p>\n<p>Net profit came in at Rs 1.27 billion ($17.87 million) for the quarter ended Dec. 31, 2018, down from Rs 5.91 billion a year earlier, the power generator and distributor said on Monday. <\/p>\n<p>Seven analysts on an average expected the company to post a profit of Rs 3.95 billion, according to Refinitiv Eikon data.<\/p>\n<p>However, revenue from operations jumped 21.2 per cent to Rs 77.07 billion, while expenses spiked 16.8 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Tata Power Co Ltd&#8217;s quarterly profit plunged nearly 79 per cent, well below market expectations, dented by higher expenses. Net profit came in at Rs 1.27 billion ($17.87 million) for the quarter ended Dec. 31, 2018, down from Rs 5.91 billion a year earlier, the power generator and distributor said on Monday. Seven analysts on an average expected the company to post a profit of Rs 3.95 billion, according to Refinitiv Eikon data. However, revenue from operations jumped 21.2 per cent to Rs 77.07 billion, while expenses spiked 16.8 per cent.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-221302","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/221302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=221302"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/221302\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=221302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=221302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=221302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}