Business Companies 14 Aug 2017 Tata Power shares up ...

Tata Power shares up nearly 4 per cent after Q1 earnings

PTI
Published Aug 14, 2017, 5:37 pm IST
Updated Aug 14, 2017, 5:37 pm IST
Tata Power posted over 2 fold jump in consolidated net profit to Rs 163.78 cr in quarter ended June 30, 2017.
The company's consolidated net profit was Rs 72.49 crore in the quarter ended June 30, 2016. (Representational Image)
 The company's consolidated net profit was Rs 72.49 crore in the quarter ended June 30, 2016. (Representational Image)

New Delhi: Shares of Tata Power rose by nearly 4 per cent today after the company posted over two-fold jump in consolidated net profit for the April-June quarter.

The stock gained 3.72 per cent to close at Rs 79.50 on BSE. During the day, it jumped 5.87 per cent to Rs 81.15.

 

At NSE, shares of the company climbed 3.91 per cent to end at Rs 79.55. On the equity volume front, 6.45 lakh shares of the company were traded on BSE and over 81 lakh shares changed hands at NSE during the day.

Tata Power posted over two-fold jump in consolidated net profit to Rs 163.78 crore in the quarter ended June 30, 2017 mainly driven by strong performance from renewables and coal.

The company's consolidated net profit was Rs 72.49 crore in the quarter ended June 30, 2016. Total income of the company was at Rs 6,999.90 crore in the first quarter, up from Rs 6,790.58 crore in the corresponding quarter of the previous fiscal.

 

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Location: India, Delhi, New Delhi




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