Tata Power Announces Q2 FY16 Consolidated Results: Reports strong operational performance
Tata Power, India’s largest integrated power company recently announced its results for the quarter ended September 30th , 2015.
PERFORMANCE HIGHLIGHTS Q2 FY16: CONSOLIDATED
On the Consolidated basis, Tata Power’s Q2 FY16 Revenues (net of regulatory adjustments) stood at Rs 9,042 crore as compared to Rs 8,448 crore in the corresponding quarter last year. This is mainly due to higher revenue reported by TPTCL and TATA Power Solar.
Profit from Operations stood at Rs. 1,367 crore as compared to Rs 1,156 crore in the corresponding quarter last year mainly due to strong operational performance in Mumbai operations & CGPL.
PAT was up at Rs. 247 crore as compared to a loss of Rs. 78 crore in Q2 FY15.
On consolidated segment-wise performance for the quarter, Revenue from Coal Business stood at Rs. 1,800 crore as compared to Rs. 2,079 crore in the corresponding period last year. Revenues from power business was up at Rs. 6904 crore against Rs 6255 crore in previous year mainly due to high sales at TPTCL.
PBIT from Power stood at Rs. 1,182 crore as compared to Rs. 994 crore in the corresponding quarter last year and PBIT from coal business stood at Rs. 191 crore as compared to Rs. 159 crore.
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