Tata Power third quarter PAT slips 1% to ₹612 crore

NEW DELHI:

Tata Power on Wednesday posted a profit after tax (PAT) on consolidated basis fell by 1.13% to ₹612 crore during the quarter ended December 31, 2017. The company had reported PAT at ₹619 crore during the same period a year ago. “The firm’s revenue for the (said) quarter stood at ₹7,096 crore, up 6% from Q3 FY17,” Tata Power said in a filing to BSE. The profit from renewable portfolio jumped four-fold to ₹72 crore in October-December quarter compared to ₹14 crore in the year-ago period.