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Aug 14, 2012, 10.47 AM IST
Private power producer Tata Power's consolidated net profit fell by 66% year-on-year to Rs 146 crore in the quarter ended June 2012 due to higher interest cost and forex loss.
Consolidated total income from operations increased 24.5% to Rs 7,254 crore from Rs 5,824.5 crore during the same period.
Profit from operations, before other income, finance costs, exceptional items and tax went down by 24% YoY to Rs 906.95 crore.
Finance cost jumped 77.4% to Rs 548.11 crore from Rs 309.03 crore while tax expenses went up by 55.5% to Rs 226.29 crore from Rs 508.52 crore year-on-year.
Tata Power has reported a forex loss of Rs 45.2 crore during the first quarter as against gain of Rs 89.8 crore in a year ago period.
Other income rose by 212.5% YoY to Rs 107.81 crore.
Tags: Tata Power
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