Tata Power Company posts Q4 net profit of Rs 157.00 cr
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The company reported standalone net profit during the quarter stood at Rs 157.00 crore compared to net loss of Rs 309.94 crore in the previous year quarter. Net revenue of the company declined moderately by 11.57 per cent at Rs 1,560.30 crore in January-March quarter of this fiscal as against Rs 1,764.42 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 4.72 per cent to Rs 1,206.61 crore from Rs 1,152.27 crore in year ago period. Other Income grew by 163.08 per cent at Rs 226.62 crore versus (Mar'20 Rs 86.14 crore).
Operating Profit slipped by 42.22 per cent to Rs 353.69 crore as against Rs 612.15 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 34.65 per cent in March quarter. Interest grew by 4.07 per cent y-o-y to Rs 374.24 crore, while Taxation decreased by 69.10 per cent at Rs -67.67 crore (Mar'20 Rs -219.01 crore).
