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Earnings

Tata Power first-quarter profit jumps nearly five-fold, tops estimates

Updated : July 26, 2018 03:41 PM IST

Profit attributable to owners of the power generator and distributor was 16.71 billion rupees ($243.22 million) for the quarter ended June 30, compared with 3.49 billion rupees a year earlier.
The company sold investments in Tata Communications Ltd and Panatone Finvest Ltd, netting an exceptional gain of 18.97 billion rupees during the quarter.
Tata Power first-quarter profit jumps nearly five-fold, tops estimates

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