E-Paper
Tata Power net profit plunges 76% to ₹72 cr
NEW DELHI: Tata Power’s consolidated profit plunged 76% to ₹72.49 crore for the quarter ended June 30, on account of a one-time regulatory expense of ₹272 crore
Published on: Aug 24, 2016, 07:08:22 IST
Share via
Copy link
NEW DELHI: Tata Power’s consolidated profit plunged 76% to ₹72.49 crore for the quarter ended June 30, on account of a one-time regulatory expense of ₹272 crore and forex losses of ₹160 crore. However, in a statement, the company said: “PAT stood at ₹72 crore mainly due to one-off items as well as first-time impact on account of Indian Accounting Standards.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
