Tata Power announces 5% rise in consolidated value

Tata Power announces 5% rise in consolidated value

Agency News

New Delhi, Aug 2 : Tata Power, India’s largest integrated power company, has announced its results for the quarter ended June 30, 2019.For the Quarter ended June 30, 2019, standalone revenue stood at Rs 1,854 crore as against Rs 1,894 crore in the previous year quarter due to lower fuel cost in the regulated business.

On a consolidated basis, Tata Power Group’s Q1 FY20 Revenue was up by 5 per cent at Rs 7,567 crore as compared to Rs 7,199 crore last year. This is mainly due higher generation in Mundra, favourable regulatory order in Maithon and new capacity addition in renewables.

Q1 FY20 Consolidated PAT before exceptional items stood at Rs 254 crore as compared to Rs 252 crore due to lower losses in Mundra on account of lower FOB price of coal, new capacity addition in renewables, favourable regulatory Order in Maithon and steady operational performance across all segments.

Consolidated PAT stood at Rs 231 crore as compared to Rs 1,735 crore in Q1 FY20 mainly due to one-time exceptional item pertaining to sale of non-core investment in previous year quarter.(UNI)