Tata Power announces Q3 FY17 results
Tata Power, announced its results for the quarter ended 31st December, 2016. Q3 consolidated Profit After Tax stood at Rs.599 crore, as against Rs.433 crore in Q3 FY16, it was up by 38 per cent mainly due to improved performance by key Indian subsidiaries and coal companies coupled with a favourable tax credit. Profit from Operations stood at Rs.1,555 crore, up by 16 per cent from Q3 FY16 mainly due to recent solar acquisition, on account of full capacity tie up for MPL and no unfavourable tariff order impact as was in previous year quarter for TPDDL. Q3 standalone profit after tax stood at `283 crore and Q3 standalone profit from operations stood at Rs.505 crore.