Tata

Big loss in Q3 for Tata Power, 67% reduction in profit to Rs 205 Crore

Tata Power's consolidated net profit fell 67.42 percent to Rs 204.61 crore during the quarter ended December 2018. During the same period last year, the figure was Rs 628.16 crores. The main reason for the decline in profit is the increase in fuel and borrowing costs. The company gave this information in the filing given in BSE.


Total income is Rs 7721 crore

According to information given by Tata Power, the total income of the company during the third quarter of 2018-19 was Rs 7,721.52 crores as compared to Rs 6,451.31 crores during the same period a year ago.


Fuel and Fuel Cost

During the October-December, 2018, the company's fuel cost had increased to Rs 3,189.87 crore, compared to Rs 2,491.24 crore during the same period a year ago. Similarly, the finance cost increased to Rs 1,013.96 crore from Rs 855.28 crore in the same period a year ago.

The company said that during the quarter ending December 2017, the main reason for the profit of 628.16 crores was one-time exceptional income.


22537 crore income in 9 months

During the April-September, 2018 quarter, the net profit of the company was Rs 2,333.09 crores, against Rs 1,246.52 crores during the same period a year ago. During the initial nine months of the financial year, the company's total income stood at Rs 22,537.78 crore, against Rs 19,991.94 crore in the same period a year ago.