SENSEX NIFTY
May 30, 2013, 03.37 PM IST | Source: Moneycontrol.com

Tata Power turns corner with Q4 net profit at Rs 181 cr

Tata Power Company's fourth quarter topline and bottomline numbers were lower than expectations, but operational numbers were better than forecast.

Tata Power Company , one of the largest private power producers in India, turned profitable with fourth quarter consolidated net profit at Rs 181 crore as against loss of Rs 629 crore on good operational performance.

The company took a big impairment hit (non-recurring one-off hit) of Rs 815 crore in Q4FY12 that turned a positive profit before tax of Rs 487 crore into a loss of Rs 629 crore.

Consolidated revenue grew by 25.5 percent year-on-year to Rs 8,997 crore during the quarter.

Topline and bottomline numbers were lower than expectations, but operational numbers were better than forecast. Analysts on an average had expected the company to report a profit at Rs 275 crore on revenues of Rs 9,276 crore.

Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 33 percent year-on-year to Rs 1,855 crore and operating profit margin increased 110 basis points to 20.6 percent during March quarter.

Analysts had estimated EBITDA and OPM at Rs 1,700 crore and 18.3 percent, respectively.

Tata Power reported a forex loss at Rs 24.7 crore as against loss of Rs 166 crore year-on-year.

Also Read - Lanco Infra expects power biz EBITDA margin at 45% in FY14

Set email alert for

ADS BY GOOGLE

video of the day

See 7% GDP by FY17; like pvt banks, autos: Kotak's Prasad

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.