InvestorQ : How do you see the latest quarterly results of Tata Power?
diksha shah made post

How do you see the latest quarterly results of Tata Power?

Answer
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rhea Babu answered.
1 month ago


Tata Power reported a 10% rise in net profits at Rs.268 crore for Jun-20 quarter. Overall sales revenues for the quarter fell by 16% at Rs.6540 crore, which was largely on account of tepid demand due to the lockdown, especially from the corporate and industrial clients.

During the quarter, Tata Power got a major boost from lower financing costs due to falling cost of funds. Tata Power reported that Solar EPC business continued to put pressure on profits. While the company reported fall in PBT, the PAT was actually higher.

During the June 2020 quarter, Tata Power merged its three subsidiary companies viz. Coastal Gujarat Power Ltd, Tata Power Solar Systems Ltd and Af-Taab Investments Company with the parent to ensure better integration of businesses and smarter synergies.