Tata Power Posts Gains in Fiscal Q2 Consolidated Net Profit; Shares Slip 5%

MT Newswires Live

2024/10/31

The Tata Power Co. (NSE:TATAPOWER, BOM:500400) recorded net profit attributable to equity holders 9.26 billion Indian rupees in fiscal second quarter ended Sept. 30 against 8.75 billion rupees a year ago.

Earnings per share after net movement in regulatory deferral balances came in at 2.90 rupees compared with a year-ago figure of 2.74 rupees, according to a filing to the stock exchanges by the power producer.

Revenue from operations in fiscal Q2, however, fell to 156.97 billion rupees from 157.38 billion rupees a year earlier.

Shares of the company were down over 5% in recent trade.

Price (INR): ₹441.30, Change: ₹-25, Percent Change: -5.43%

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(NSE:TATAPOWER, BOM:500400) recorded net profit attributable to equity holders 9.26 billion Indian rupees in fiscal second quarter ended Sept. 30 against 8.75 billion rupees a year ago.</p><p>Earnings per share after net movement in regulatory deferral balances came in at 2.90 rupees compared with a year-ago figure of 2.74 rupees, according to a filing to the stock exchanges by the power producer.</p><p>Revenue from operations in fiscal Q2, however, fell to 156.97 billion rupees from 157.38 billion rupees a year earlier.</p><p>Shares of the company were down over 5% in recent trade.</p><p>Price (INR): ₹441.30, Change: ₹-25, Percent Change: -5.43%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PW","symbol_name":"Power REIT","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2479722502","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479722502","pubTimestamp":1730359272,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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