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Tata Power quarterly profit dives nearly 79 percent due to higher expenses

Updated : January 29, 2019 06:37 AM IST

Net profit came in at Rs 127 crore($17.87 million) for the quarter ended Dec. 31, 2018, down from Rs 591 crore a year earlier, the power generator and distributor said on Monday.
Seven analysts on an average expected the company to post a profit of Rs 395 crore , according to Refinitiv Eikon data.
Tata Power quarterly profit dives nearly 79 percent due to higher expenses

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