Tata Power Company moves up on reporting 85% rise in Q2 consolidated net profit
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Tata Power Company is currently trading at Rs. 226.25, up by 1.25 points or 0.56% from its previous closing of Rs. 225.00 on the BSE.
The scrip opened at Rs. 229.65 and has touched a high and low of Rs. 229.65 and Rs. 224.50 respectively. So far 479919 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 298.00 on 07-Apr-2022 and a 52 week low of Rs. 190.00 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 229.65 and Rs. 217.60 respectively. The current market cap of the company is Rs. 72150.77 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 25.12% and 28.01% respectively.
Tata Power Company has reported a rise of 18.21% in its net profit at Rs 1200.23 crore for the quarter ended September 30, 2022 as compared to Rs 1015.37 crore for the same quarter in the previous year. Total income of the company reported 2- fold jump at Rs 5703.17 crore for Q2FY23 as compared Rs 2576.62 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 84.94% in its net profit at Rs 935.18 crore for the quarter under review as compared to Rs 505.66 crore for the same quarter in the previous year. Total income of the company increased by 39.20% at Rs 14181.07 crore for Q2FY23 as compared Rs 10187.33 crore for the corresponding quarter previous year.
