Tata Power Q1 PAT up 34% at Rs 419cr YoY

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Tata Power Q1 PAT up 34% at Rs 419cr YoY

Tata Power has reported a rise of 34% (YoY) in profits for the first quarter of FY12. During the period, consolidated profit after tax of the company increased to Rs 419 crore as against Rs 312 crore in the corresponding quarter last fiscal.

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Tata Power has reported a rise of 34% (YoY) in profits for the first quarter of FY12. During the period, consolidated profit after tax of the company increased to Rs 419 crore as against Rs 312 crore in the corresponding quarter last fiscal.

Net sales went up 13% to Rs 5,805 crore from Rs 5,152 crore year-on-year.

EBITDA jumped 60% to Rs 1,823 crore in April-June quarter of 2011 versus Rs 1,139 crore in the year ago period.

Operating profit margin too improved to 31.41% versus 22.10% year-on-year.