Tata Power surges on reporting 91% rise in Q3 consolidated net profit
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Tata Power Company is currently trading at Rs. 210.15, up by 4.85 points or 2.36% from its previous closing of Rs. 205.30 on the BSE.
The scrip opened at Rs. 209.05 and has touched a high and low of Rs. 212.80 and Rs. 207.00 respectively. So far 613308 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. 215.45 and Rs. 196.95 respectively. The current market cap of the company is Rs. 67070.18 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 24.27% and 28.85% respectively.
Tata Power Company has reported net profit of Rs 1504.34 crore for third quarter ended December 31, 2022 as against net loss of Rs 407.07 crore for the same quarter in the previous year. Total income of the company reported 2-fold jump at Rs 7026.42 crore for Q3FY23 as compared to Rs 3217.72 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported rise of 90.64% in its net profit at Rs 1052.14 crore for third quarter ended December 31, 2022 as compared to Rs 551.89 crore for the same quarter in the previous year. Total income of the company increased 30.70% at Rs 14401.95 crore for Q3FY23 as compared to Rs 11018.73 crore for the corresponding quarter previous year.
