Tata Power Company soars on reporting 29% rise in Q1 consolidated net profit
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Tata Power Company is currently trading at Rs. 239.85, up by 4.95 points or 2.11% from its previous closing of Rs. 234.90 on the BSE.
The scrip opened at Rs. 236.00 and has touched a high and low of Rs. 241.00 and Rs. 234.50 respectively. So far 416099 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 251.00 on 07-Sep-2022 and a 52 week low of Rs. 182.45 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 241.00 and Rs. 230.55 respectively. The current market cap of the company is Rs. 75058.53 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 24.66% and 28.47% respectively.
Tata Power Company has reported 5.92% rise in its net profit at Rs 446.41 crore for the quarter ended June 30, 2023 as compared to Rs 421.44 crore for the same quarter in the previous year. Total income of the company increased by 1.53% at Rs 5,635.67 crore for Q1FY24 as compared Rs 5,550.53 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 29.14% rise in net profit at Rs 1,140.97 crore for the first quarter ended June 30, 2023 as compared to Rs 883.54 crore for the same quarter in the previous year. Total income of the company increased by 5.78% at Rs 15,484.71 crore for Q1FY24 as compared Rs 14,638.78 crore for the corresponding quarter previous year.
