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  Business   Companies  02 May 2018  Tata Power posts March-quarter profit

Tata Power posts March-quarter profit

REUTERS
Published : May 2, 2018, 6:04 pm IST
Updated : May 2, 2018, 6:04 pm IST

Tata Power had reported a loss of 2.42 billion rupees in the year-ago quarter.

Tata Power Ltd on Wednesday posted a profit for the January to March period, its fourth straight profitable quarter.
 Tata Power Ltd on Wednesday posted a profit for the January to March period, its fourth straight profitable quarter.

Power generator and distributor Tata Power Ltd on Wednesday posted a profit for the January to March period, its fourth straight profitable quarter.

Profit attributable to owners of company came in at 14.04 billion rupees (USD 210.6 million) for the quarter ended March 31, including a one-off gain of 12.45 billion rupees, the company said.

Tata Power had reported a loss of 2.42 billion rupees in the year-ago quarter. Revenue from operations grew 12.7 per cent for the quarter to 78.95 billion rupees.

Tags: tata power, profit, revenue