Tata Power declines despite reporting 31% rise in Q4 consolidated net profit
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Tata Power Company is currently trading at Rs. 230.25, down by 14.95 points or 6.10% from its previous closing of Rs. 245.20 on the BSE.
The scrip opened at Rs. 235.35 and has touched a high and low of Rs. 236.75 and Rs. 223.05 respectively. So far 4428452 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. 101.05 on 14-May-2021.
Last one week high and low of the scrip stood at Rs. 254.00 and Rs. 238.35 respectively. The current market cap of the company is Rs. 73732.46 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 27.03% and 26.11% respectively.
Tata Power Company has reported net profit of Rs 1,820.47 crore for the quarter ended March 31, 2022 as compared to net loss of Rs 117.36 crore for the same quarter in the previous year. Total income of the company increased by 45.53% at Rs 5,016.24 crore for Q4FY22 as compared Rs 3,446.90 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 31.41% in its net profit at Rs 632.37 crore for the quarter ended March 31, 2022 as compared to Rs 481.21 crore for the same quarter in the previous year. Total income of the company increased by 16.85% at Rs 12,219.36 crore for Q4FY22 as compared Rs 10,457.69 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported over 9-fold jump in its net profit at Rs 2,782.93 crore as compared to Rs 293.52 crore for the previous year. However, total income of the company decreased by 2.32% at Rs 14,095.04 crore for year under review as compared to Rs 14,429.67 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 49.84% in its net profit at Rs 2,155.61 crore as compared to Rs 1,438.65 crore for the previous year. Total income of the company increased by 31.96% at Rs 43,735.63 crore for year under review as compared to Rs 33,142.55 crore for year ended March 31, 2021.
